Trump says South Korea to pay $350B in tariffs, invest $600B in US deals

president Donald Trump said South Korea will pay $350 billion to reduce US tariffs and invest $600 billion in US energy and business. In a post published by Truth Social on Wednesday, he added that he approved Seoul’s plan to build nuclear-powered submarines as part of what he called a stronger military alliance.

“South Korea has agreed to pay the United States $350 billion in exchange for tariff cuts,” Trump wrote on Truth Social. [sic] Charges against them by the United States. In addition, they have agreed to purchase oil and gas in large quantities, and investments in our country by wealthy South Korean companies and businessmen will exceed $600 billion.

“Our military alliance is stronger than ever, and accordingly, I have given them the OK to build nuclear-powered submarines instead of the older, less intelligent diesel-powered submarines they have now. Great trip, with a great Prime Minister!”

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The president later posted on Truth that South Korea would build its own nuclear-powered submarines at shipyards in Philadelphia.

“Our nation’s shipbuilding industry will see a major comeback soon,” Trump wrote. “Stay tuned!!!”

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South Korean supporters march with a banner reading, “Koreans love Trump!” During a rally to welcome President Donald Trump, who is visiting the country to attend the Asia-Pacific Economic Cooperation summit in Jeonju. (Jung Yeon-ji/AFP via Getty Images/Getty Images)

Trump met with South Korean President Lee Jae-myung in the city of Gyeongju, at the end of an Asian tour aimed at securing new investment deals.

During their meeting, Lee asked Trump to allow South Korea to obtain fuel for conventionally armed and nuclear-powered submarines, a step long restricted under the US nuclear non-proliferation agreement.

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US President Donald Trump speaks during a dinner in his honor in Gyeongju, South Korea, on Wednesday. (Andrew Harnick/Getty Images/Getty Images)

Trump was later awarded South Korea’s Grand Order of Mujunghwa — the country’s highest honor — along with a replica of the royal crown from the ancient Silla Kingdom, symbolizing Seoul’s recognition of his diplomatic efforts.

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Trump’s previous stops on the trip included visits to Malaysia and Japan. In Japan, he and Prime Minister Sanae Takaishi, the country’s first female leader, signed a framework agreement to secure supplies of important minerals and rare earths through mining and processing.

Trump is scheduled to meet with Chinese President Xi Jinping on Thursday as part of his ongoing Asian tour.

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