Trump to unveil $200 billion investment in US projects by S. Korea, White House says
WASHINGTON — President Donald Trump will announce on Wednesday plans for South Korea to invest $200 billion in U.S. projects, including $54 billion to build the long-planned Alaska liquefied natural gas project, a White House official said. The announcement will detail the first major projects under a broader $350 billion strategic investment package South Korea made as part of a trade agreement with Washington last year. The $350 billion package includes $150 billion for shipbuilding and $200 billion for strategic investments. The White House official said the investments would include the Alaska LNG pipeline project, eight large-scale nuclear power plants and a 6-gigawatt power generation facility in Texas. The announcement would be part of a series of economic and investment deals Trump is highlighting ahead of November's midterm elections, as he seeks to reinforce his economic record amid voter concerns over the Iran war and high gasoline prices. The Alaska LNG project also comes as Republicans seek to retain incumbent Senator Dan Sullivan who faces Democrat Mary Peltola. "Today, P
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