US tariffs: Trump announces billion-dollar investments - South Korea disagrees after all
Trump is talking about a gas power plant, eight nuclear power plants and a gas pipeline, but South Korea is watering down the announcement. Nevertheless, Asian allies of the US are paying a high price.
Donald Trump announced a $200 billion investment project in South Korea, which includes funding for a gas-fired power plant for AI data centers in Texas and eight nuclear power plants. Among these, a $1300-kilometer long gas pipeline in Alaska is the most controversial. The pipeline, which could cost $50 billion, aims to connect gas reserves in the remote northern Alaska with liquefied natural gas terminals in the south.
However, South Korea is skeptical about the pipeline's economic viability, similar to the situation with Japan, which pledged $550 billion in investments. Both countries see the United States as a crucial ally in their industrial and security strategies, despite the legal challenges faced by Trump's trade policies.
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