President Trump and South Korea’s President Lee Jae Myung at a dinner in Gyeongju, South Korea, on Oct. 29.
Andrew Caballero-Reynolds/AFP through Getty Photos
conceal caption
toggle caption
Andrew Caballero-Reynolds/AFP through Getty Photos
President Trump says he has given South Korea permission to construct a nuclear-powered submarine following commerce negotiations within the nation, saying in a put up on Fact Social that “Our Military Alliance is stronger than ever before.”
Trump adopted up in a separate put up to say that the submarine can be in-built Philadelphia. “Shipbuilding in our Country will soon be making a BIG COMEBACK,” he wrote.
It is unclear what the timeline for such a undertaking can be.
The information adopted earlier bulletins about commerce and funding plans between the 2 international locations. The U.S. and South Korea affirmed that Seoul is investing $350 billion into the U.S. following months of commerce talks, together with how that cash can be distributed.
All the small print of the settlement are but to be launched, however the Korean authorities mentioned $150 billion of the funding will go towards revitalizing U.S. shipbuilding. Tariffs on South Korean items will even be lowered from 25% to fifteen%.
Trump met South Korea’s President Lee Jae Myung in Gyeongju throughout the APEC summit. Korea is the final cease on a three-nation tour in Asia for Trump. His closing assembly is with Chinese language President Xi Jinping, additionally on the sidelines of the summit in South Korea.
