Trump Ties Tariff Cuts to South Korea's $150 Billion Shipbuilding Investment

Trump said South Korea's $150 billion commitment to U.S. shipbuilding is tied to tariff reductions, citing Hanwha's investment in Philadelphia's shipyard. The pledge is the shipbuilding part of a $350 billion package under the Korea-U.S. trade deal, with the remaining $200 billion covering projects in Texas, eight nuclear reactors and Alaska LNG.

• Korea pledged $150 billion for U.S. shipbuilding under a $350 billion package
• Trump called tariff cuts the price for those investments
• Hanwha is investing billions to revive Philadelphia's shipyard
• Trump threatened to double the bill if Alaska LNG talks stall