Trump questions whether U.S. can ‘do business’ in South Korea ahead of president’s visit

Trump questions whether U.S. can ‘do business’ in South Korea ahead of president’s visit


South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025.

Ahn Young-joon | Via Reuters

President Donald Trump cast doubt Monday on the United States’ ability to do business with South Korea, hours before he was set to host the key trade partner’s new leader at the White House for an in-person summit.

South Korean President Lee Jae Myung, who took office in June following a snap election, is expected to discuss investment details in the nations’ trade agreement and a shipbuilding deal during his visit.

But just before Lee was set to arrive at the White House, Trump painted South Korea as a nation in turmoil, saying on social media that the country appears to be experiencing a “purge” or a “revolution.”

Read more CNBC politics coverage

WHAT IS GOING ON IN SOUTH KOREA?” he wrote in the all-caps post on his social media platform.

“We can’t have that and do business there,” he continued.

The White House did not immediately respond to CNBC’s request for comment, or provide additional clarity on what Trump was referring to in his post.

South Korea’s presidential office, for its part, said that it was “checking [the] the situation” after Trump’s remarks, according to the Seoul-based Yonhap News Agency.

Trump’s surprise comments could foreshadow a frostier negotiation than what South Korean leaders had wanted.

Coming just months after Lee took office, the Trump meeting is a pivotal foreign policy test for the newly elected president.

The two nations reached a trade deal that capped tariffs on South Korea’s exports to the U.S. at 15%.

That tariff rate was lower than the 25% rate that Trump had previously threatened.

But he also said at the time that South Korea “will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President.”

Since then, questions have emerged over the investment pledge and how it would be structured.

The investment is expected to be a key point of negotiations between the two leaders on Monday.

One other point of discussion likely to be front and center at the meeting is a deal to boost U.S. shipbuilding in South Korea.

South Korean officials have announced a $150 billion proposal, which they’ve dubbed “Make America Shipbuilding Great Again,” seeking to revive U.S. shipbuilding.

The offer came as part of the two countries’ trade negotiations.

Another topic likely to be discussed is the future of the more than 28,000 U.S. troops stationed in South Korea.

Trump wants South Korea to take on more responsibility in its defense efforts so that the U.S. troops can focus on China, but South Korea worries that doing so could leave the country more vulnerable to threats from North Korea.

This is a developing story and will be updated.



Source

Trump’s name added to Kennedy Center building a day after board votes to rename DC theater
Politics

Trump’s name added to Kennedy Center building a day after board votes to rename DC theater

President Donald Trump’s name was added to the facade of the John F. Kennedy Center for the Performing Arts on Friday, a day after the center’s board voted to rename that Washington, D.C., institution the “Trump-Kennedy Center.” Workers affixed Trump’s name to the building, above the center’s original name. The center’s website had already been […]

Read More
Jeffrey Epstein files hit deadline for ordered release by DOJ on Friday
Politics

Jeffrey Epstein files hit deadline for ordered release by DOJ on Friday

The Department of Justice faces a legally mandated deadline on Friday to begin releasing its criminal investigative files about the notorious sex offender Jeffrey Epstein. The files’ ordered release comes after months of controversy over the Trump administration’s decision to renege on past promises by top law enforcement officials to make the documents and other […]

Read More
European Union approves over 5 billion toward Ukraine aid package for next two years
Politics

European Union approves over $105 billion toward Ukraine aid package for next two years

Demonstrators holding flags of Ukraine and the European Union on the Boulevard du Temple in Paris, France on Feb. 23, 2025. Amaury Cornu | Afp | Getty Images European Union countries will allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027, EU Council President Antonio Costa said on Friday. “We […]

Read More