Trump announces major economic, defense deals with South Korea
President Donald Trump on Thursday unveiled what he described as a “sweeping economic and defense package” with South Korea
WASHINGTON, United States (AA) – President Donald Trump on Thursday unveiled what he described as a “sweeping economic and defense package” with South Korea, highlighting new trade, energy, and military cooperation between the two allies.
Writing on his Truth Social platform, Trump said South Korea had “agreed to pay the USA 350 billion dollars for a lowering of the tariffs charged against them by the United States.”
He added that South Korea would also purchase American oil and gas “in vast quantities” and invest heavily in US industries. “Investments into the United States by South Korean companies and businessmen will exceed $600 billion,” Trump claimed.
The statement, which has yet to be independently confirmed by Seoul, comes amid Trump’s renewed push to renegotiate trade deals he argues are “unfair” to American workers.
Trump also announced that Washington had granted South Korea approval to build nuclear-powered submarines, marking a significant shift in the country’s defense capabilities.
“Our military alliance is stronger than ever before,” Trump said, adding that the move would replace South Korea’s “old-fashioned and far less nimble diesel-powered submarines.”
The announcement signals deepening military ties between the two countries as tensions continue to simmer on the Korean Peninsula and across the broader Indo-Pacific region.
Trade talks nearing completion
A day earlier, during his meeting with South Korean President Lee Jae Myung in Seoul, Trump said the two sides had “pretty much finalized” a trade deal but stopped short of confirming whether an agreement had been formally signed.
Observers say the reported commitments could represent one of the largest bilateral economic packages between the US and South Korea, though details remain unclear.
The Trump administration has often cited South Korea as a model ally in cost-sharing and defense cooperation, with Washington previously urging Seoul to contribute more toward maintaining US troops stationed in the country.
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