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| Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr |
Karoline Leavitt: South Korea to Invest $350B in U.S. Industry, $100B in American Energy by 2028
Washington, D.C. — July 31, 2025
In a landmark announcement from the White House, Press Secretary Karoline Leavitt revealed the details of a massive bilateral deal between the United States and South Korea, calling it “a historic breakthrough that will reshape American industry and global energy markets.”
During a press briefing, Leavitt confirmed that South Korea has agreed to invest $350 billion in the revitalization of U.S. industry under the direction of President Donald Trump. The deal, finalized during a high-level meeting with South Korean representatives at the White House, includes a provision that 90% of the profits generated from this investment will go directly to the U.S. government — a move the administration says will help reduce national debt and boost domestic infrastructure.
As part of the agreement, South Korea will also purchase $100 billion worth of American energy by 2028, significantly expanding U.S. energy exports in a critical international market.
“This deal is not just about trade—it’s about transformation,” said Leavitt. “It’s about President Trump’s bold vision to make America the energy superpower and the manufacturing leader of the world again.”
In addition to energy and industrial revitalization, Leavitt noted that South Korea will now pay a 15% tariff, including on automobile imports, while also expanding market access for American exports like rice and automobiles.
President Trump is expected to announce further details of the agreement during the upcoming U.S.–South Korea Summit, scheduled for mid-August. While the exact date of the summit was not disclosed, Leavitt said an official update would be released shortly.
The announcement has already generated praise among economic nationalists and energy advocates, with many calling it one of the most strategic economic deals of the Trump administration’s second term.
📌 Frequently Asked Questions (FAQs)
Q.1: What did South Korea agree to in this new U.S. deal?
A: South Korea agreed to purchase $100 billion worth of American energy by 2028 and to invest $350 billion in American industry at President Trump's direction.
Q.2: How will the $350 billion investment benefit the U.S.?
A: According to the White House, 90% of the profits from the $350B investment will go directly to the U.S. government, helping to pay down national debt and fund domestic priorities.
Q.3: Is this agreement final or are further negotiations required?
A: The White House confirmed the deal was finalized during the most recent meeting with South Korean officials. However, additional summit details will be discussed during the upcoming U.S.–South Korea Summit.
Q.4: What industries will be revitalized through this investment?
A: While specific industries were not named, the investment is intended to revitalize American manufacturing, infrastructure, and strategic sectors aligned with President Trump’s “America First” economic agenda.
Q.5: What tariff changes were included in the deal?
A: South Korea will now pay a 15% tariff rate, including tariffs on automobile imports, while also opening its markets more broadly to American goods, such as rice and cars.
Q.6: When will President Trump provide more details?
A: President Trump is expected to share more details about the agreement during the U.S.–South Korea Summit in mid-August. The official date will be announced soon.
Q.7: How does this deal impact America’s energy sector?
A: The agreement marks a major boost to American energy exports, with a $100B commitment from South Korea, further establishing the U.S. as a global energy leader.
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