🇺🇸 Donald Trump
Trump threatens tariffs of up to 300% as Korea faces pressure over US investment
What happened
President Lee Jae Myung mentioned commercial viability as a sticking point in negotiations with Washington, including how returns would be shared and losses from unprofitable projects would be handled. A project, details of which are not specified, would require an 800-mile pipeline from Alaska's North Slope. The term "commercially reasonable" was pushed by Seoul in negotiations. Trump has threatened tariffs of up to 300% in response.
Why it matters
The threat of tariffs has implications for Korea-US relations and trade. The issue revolves around the commercial viability of a specific project, which may impact investment and returns.
Key facts
- A project requiring an 800-mile pipeline from Alaska's North Slope would be involved
- Commercial viability is a sticking point in negotiations
- Tariffs of up to 300% have been threatened
Topics
Publisher evidence used
Reporting attributed to koreaherald.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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