President Trump announced that South Korea will construct its nuclear-powered submarine in Philadelphia shipyards as a part of the new trade deal between the two countries.
“South Korea will be building its Nuclear Powered Submarine in the Philadelphia Shipyards, right here in the good ol’ U.S.A. Shipbuilding in our Country will soon be making a BIG COMEBACK,” Trump wrote.
The announcement will likely be received well in the U.S. manufacturing sector, which the president has pledged to bolster in his administration.
Trump made headlines on Tuesday when he told U.S. troops to “ go and buy a Toyota” during a visit to a U.S. naval base in Japan, saying that the Japanese automaker has plans to build plants in the U.S.
In an effort to ease trade tensions, the Japanese government has floated purchasing Ford F-150 trucks. Trump praised the effort while speaking to reporters on Air Force One.
On Wednesday, Trump announced that the U.S. and South Korea reached a trade deal in which South Korea would pay the U.S. $350 billion in exchange for lower tariffs. The president also said South Korea agreed to purchase U.S. oil and gas in “vast quantities.” Trump said South Korea agreed to investments in the U.S. by South Korean companies and businesses that will exceed $600 billion.
The president is set to wrap up his trip to Asia on Thursday, when he will meet with Chinese President Xi Jinping in an effort to reach a trade deal.
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