Trump says 'I love South Korea' after MOU on shipbuilding

U.S. President Donald Trump expressed affection for South Korea on Friday during a White House press availability, shortly after the two nations signed a memorandum of understanding to boost shipbuilding ties.

Trump made the comments in response to questions about his earlier social media post claiming that Iran had fired on a South Korean-operated cargo ship in the Strait of Hormuz. Tehran has denied the allegation.

The MOU forms part of last year's bilateral trade and investment agreement. Under the deal, Seoul has pledged to invest 150 billion dollars in the U.S. shipbuilding sector, contributing to a total commitment of 350 billion dollars with an annual cap of 20 billion dollars.

Trump had previously voiced displeasure over South Korea's reluctance to provide naval support for U.S. efforts to reopen the strait amid the conflict with Iran. Last month he described the country as not helpful despite the presence of U.S. troops near North Korea.

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South Korean and U.S. officials signing a shipbuilding cooperation agreement with shipyard in background.
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South Korea, US sign MOU to advance shipbuilding cooperation

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South Korea and the United States signed a memorandum of understanding on Friday to strengthen bilateral shipbuilding cooperation. The deal forms part of a trade agreement under which Seoul pledged $150 billion in U.S. shipbuilding investments.

The Donald Trump administration unveiled an action plan to rebuild America's shipbuilding industry, pledging to continue 'historic' cooperation with South Korea and Japan. The plan proposes a 'Bridge Strategy' allowing initial ships to be built in allied foreign shipyards. This comes amid efforts to counter China's overwhelming shipbuilding capacity.

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Continuing his criticism of allies, U.S. President Donald Trump on April 1 at a White House Easter luncheon called South Korea 'not helpful' and urged it and others to secure the Strait of Hormuz, blocked by Iran amid its war with the U.S. and Israel. He noted U.S. troops 'in harm's way' near North Korea's nuclear arsenal.

President Lee Jae-myung held a summit with Indian Prime Minister Narendra Modi in New Delhi on April 20, agreeing to double bilateral trade to $50 billion by 2030 and cooperate on energy supply chains amid Middle East tensions. The leaders confirmed resuming CEPA upgrade talks and signing MoUs in shipbuilding, AI and other areas. A selfie taken by Samsung Chairman Lee Jae-yong with a Galaxy Z Flip7 during the event went viral.

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A Cheong Wa Dae official said South Korea will carefully assess the impact of the Trump administration's decision to raise tariffs on EU autos and trucks to 25% and respond accordingly. The move has drawn attention in Seoul due to South Korea's similar tariff deal with the US. The government plans to communicate closely with Washington to maintain stable trade relations.

President Lee Jae Myung and French President Emmanuel Macron held a summit in Seoul on April 3, agreeing to cooperate on securing safe passage through the Strait of Hormuz amid the Middle East war's energy crisis. The two nations upgraded their ties to a 'global strategic partnership' and set a goal to expand bilateral trade to $20 billion by 2030. They signed multiple memorandums of understanding across various sectors.

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South Korea's ambassador to the US stated that Seoul is closely monitoring possibilities for renewed US-North Korea dialogue during President Donald Trump's upcoming China visit, considering global factors like ongoing wars and alliances.

 

 

 

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