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Reading: Trump says South Korea to pay $350B in tariffs, make investments $600B in US offers
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Business

Trump says South Korea to pay $350B in tariffs, make investments $600B in US offers

Editor
Last updated: October 29, 2025 11:57 pm
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Published: October 29, 2025
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Trump says South Korea to pay 0B in tariffs, make investments 0B in US offers


U.S. Agriculture Secretary Brooke Rollins weighs in on the nation’s commerce with China and the way the federal government shutdown is threatening SNAP funding on ‘Kudlow.’

President Donald Trump mentioned South Korea pays $350 billion to scale back U.S. tariffs and make investments $600 billion in American power and enterprise. In a Fact Social put up Wednesday, he added that he accredited Seoul’s plan to construct nuclear-powered submarines as a part of what he referred to as a stronger navy alliance.

Trump wrote on Fact Social, “South Korea has agreed to pay the USA 350 Billion {Dollars} for a decreasing of the Tariff’s [sic] charged in opposition to them by the US. Moreover, they’ve agreed to purchase our Oil and Fuel in huge portions, and investments into our Nation by rich South Korean Firms and Businessmen will exceed 600 Billion {Dollars}.

“Our Army Alliance is stronger than ever earlier than and, based mostly on that, I’ve given them approval to construct a Nuclear Powered Submarine somewhat than the old style and much much less nimble diesel-powered Submarines that they’ve now. An ideal journey, with a fantastic Prime Minister!”

TRUMP MEETS WITH JAPAN’S FIRST FEMALE LEADER, SIGNS RARE EARTH, CRITICAL MINERALS SUPPLY

South Korean President Lee Jae Myung welcomes President Donald Trump for a particular dinner hosted in his honor and state leaders on the Hilton Gyeongju resort in Gyeongju Wednesday. (Andrew Caballero-Reynolds/AFP by way of Getty Pictures / Getty Pictures)

The president later posted on Fact that South Korea will likely be constructing its nuclear-powered submarines within the Philadelphia shipyards.

“Shipbuilding in our Nation will quickly be making a BIG COMEBACK,” Trump wrote. “Keep tuned!!!”

TRUMP THREATENS ‘MASSIVE’ CHINA TARIFFS, SEES ‘NO REASON’ TO MEET WITH XI

Koreans expressing love for President Trump

South Korean supporters march with a banner that claims “Koreans love Trump!” throughout a rally welcoming President Donald Trump, who’s visiting to attend the Asia-Pacific Financial Cooperation Summit in Gyeongju. (Jung Yeon-Je/AFP by way of Getty Pictures / Getty Pictures)

Trump met with South Korean President Lee Jae Myung within the metropolis of Gyeongju, concluding an Asia tour aimed toward securing new funding offers.

Throughout their assembly, Lee requested Trump to permit South Korea to entry gas for conventionally armed, nuclear-powered submarines, a step lengthy restricted beneath a U.S. nonproliferation deal.

TRUMP CALLS XI’S RARE EARTH MOVE A ‘BAD MOMENT’ — WHY IT MATTERS FOR US NATIONAL SECURITY, CHINA TIES

Trump speaks with South Korea's President Lee Jae Myung

President Donald Trump speaks throughout a dinner in his honor in Gyeongju, South Korea, Wednesday. (Andrew Harnik/Getty Pictures / Getty Pictures)

Trump later acquired South Korea’s Grand Order of Mugunghwa — the nation’s highest honor — together with a duplicate of a royal crown from the traditional Silla Kingdom, symbolizing Seoul’s recognition of his diplomatic efforts.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Trump’s earlier stops on the journey included visits to Malaysia and Japan. In Japan, he and Prime Minister Sanae Takaichi, the nation’s first feminine chief, signed a framework settlement to safe provides of crucial minerals and uncommon earths by mining and processing.

Trump is scheduled to fulfill Chinese language President Xi Jinping Thursday as a part of his ongoing Asia tour.

Fox Information Digital’s Landon Mion and Bradford Betz contributed to this report.

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