South Korea takes a wave of large transactions with America after the Trump Summit -Lee
South Korean businesses have announced the conclusion of a series of transactions with their US peers, including $ 50 billion agreements with ‘Boeing’ and ‘Ge Erospace’, following the first direct meeting between the leaders of the two countries, Trump and Liel in Washington. At the end of July, the two parties reached a trade agreement at the last minute, which stipulated that customs duties imposed 15% on US imports coming from South Korea, which enabled SEOUL to avoid the 25% rate of US President Donald Trump threatening to impose. Despite the diplomatic campaign led by President Lee Jay Meong and the previous criticism of Trump, in which he believed that Korean customs duties were more unfair than those imposed in China, the agreement still exists. Also read: Trump announces an agreement with South Korea with a 15%fee. The aviation sector was the largest beneficiary of the meeting, as “Korean airlines” intends to purchase more than 100 Boeing aircraft of $ 36.2 billion, along with the signing of a 13.7 billion dollar agreement with ‘Ge Erospace’ to provide engines and maintenance services. The US shipping, energy and transport sectors are expected to receive extra support through investments pumped in the future. Below is a look at the most prominent promises that followed the Trump Summit – L: Airlines The purchase agreement signed by “Korean Airlines” is the largest in the history of the company. In addition to a previous order this year, the company will receive 50 “Boeing 737 Max 10” AirCraft, 25 “787 Dreamliner” Aircraft, and 20 “777-9” Body aircraft, along with 8,777x loading numbers. The latest agreement increases the total requests from “Korean airlines” from “Boeing” this year to more than 150 aircraft, increasing more than twice the size of its current aircraft manufactured by the American Aircraft Company. Once the agreement is completed, the requests of the Boeing company will rise to 175 aircraft. Aircraft requests have become an important feature of diplomatic efforts since Trump returned to the White House in January, where transactions between new and recycled agreements were distributed, as well as promises that are still closer to ambition, as part of the efforts to reduce the trade deficit with the United States. Energy has signed the Korea Gas Corp. an agreement to buy additional amounts of LNG from the United States to 3.3 million tonnes annually, from companies, including “Trafigura”. The import flows from 2028 and spans a decade. From Europe to Asia, several countries have promised to buy more US energy sources, especially oil and natural gas, in an effort to strive to strive the Trump administration in commercial negotiations. The last wave of transactions includes a promise from the European Union to buy the import of US energy worth $ 750 billion over three years, despite the challenges that could impede the implementation of this commitment. How did LNG become the most important export of America? India has also agreed to increase its oil and gas imports, while Japan, South Korea and Taiwan have announced that it has studied investments in a project to execute LNG in Alaska, worth $ 44 billion and support the Trump administration. The US company “Centrus Energy” has signed a non -binding memorandum with “Korea Hydro & Nuclear Power” and “Posco International” to investigate possible investment opportunities supporting the expansion of “Centus” to fertilize the festival factory to enrich uranium in Ohio. Motors and robots The Hyundai car Group aims to increase its investments in the United States to $ 26 billion to 2028, as part of its efforts to expand the production of cars, steel and robots. The four -year plan indicates an increase in investments with $ 5 billion out of the 21 billion announced in March, which includes establishing a new steel factory in Louisiana, expanding cars’ production and establishing a robotic facility that can produce 30 thousand units annually. These projects are expected to offer about 25 thousand new jobs. The global automotive industry has seen a major unrest due to the Gulf of Customs duties imposed by Trump, which includes cars, parts and steel, threatening to form supply chains and raising costs for consumers. Hyundai, who entered the US market in 1986, said it had already invested more than $ 20.5 billion there. Warships, Samsung Heavy Industries have signed a strategic partnership agreement with the American Vigor Marine Group to provide maintenance, reform and renewal services to US military ships. The Shipbuilding Company said it intends to expand the scope of collaboration to include commercial and specialized ships, and to work joint shipbuilding projects with US partner building trays. The company is also considering acquiring additional partnerships with other dams. South Korea, Trump is tempted by a shipbuilding partnership to enter into a trade agreement. Seoul has promised to pump $ 150 billion to revive the troubled US shipbuilding industry, while South Korea wants to improve its strategic interest in this sector to offer itself as a replacement to China.