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"Donald Trump Don't Miss" - Pirates' Tommy Pham Rallies Behind POTUS' Multi-Billion Dollar Deal with Asian Nation
SOUTH KOREA, JUL 31 – South Korea commits $150 billion to revitalize U.S. shipbuilding under a tariff deal reducing tariffs from 25% to 15%, part of a $350 billion investment package, officials said.
- On Wednesday, US President Donald Trump announced a full trade deal with South Korea, lowering tariffs to 15 percent for US$350 billion in investments.
- Facing a tariff hike to 25 percent, South Korean officials proposed a shipbuilding tie-up to repair the U.S. Navy fleet amid China's naval buildup.
- According to South Korean officials, the MASGA project includes construction of U.S. shipyards, training of personnel, and Navy maintenance, with $150 billion pledged, and Hanwha Ocean shares jumped 13.43 percent on Thursday.
- Meanwhile, Trade Minister Yeo Han-koo urged efforts to strengthen Korean industries’ competitiveness amid possible U.S. pressure to remove non-tariff trade barriers.
- Experts warn of challenges for Korean investments in U.S. shipyards, including steel plate shortages, and Yang Jong-seo noted the $150 billion cap will be used over a 10 to 20 year plan.
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As tariff deadlines near, Trump announces deals with South Korea, Mexico but not with India, Canada
by WorldTribune Staff, July 31, 2025 Real World News President Donald Trump has given U.S. trading partners until Aug. 1 to make a deal or face high tariffs. The scorecard for July 31 saw Trump finalize a major deal with South Korea; extend Mexico’s current situation for 90 days; warn Canada that its support for […]
The US and South Korea reached an agreement on tariff negotiations on the 30th (US time). The "reciprocal tariff" to be imposed on South Korea is 15%, the same as the 15% previously agreed upon with the US and Japan and the European Union. The cooperation proposed by South Korea in the shipbuilding sector appears to have been successful, and the pending issue...
·Tokyo, Japan
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Total News Sources16
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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