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Lee Returns From Washington With Rapport and New Investment Pledges

With no joint statement, unresolved tariff ceilings plus investment terms now shift to working-level talks.

Overview

  • Negotiators failed to agree on a joint text after clashes over a 15% tariff ceiling for key exports and the schedule and structure of Korea’s pledged investments, leaving autos facing steep U.S. duties for now.
  • Korean conglomerates announced an additional $150 billion in U.S. investment as Seoul also earmarked $150 billion for a shipbuilding initiative highlighted by Lee’s visit to Hanwha’s Philadelphia yard.
  • Seoul and Washington reported broad consensus on “alliance modernization,” and President Lee signaled higher defense spending, but details on USFK posture, strategic flexibility and wartime control remain unsettled.
  • North Korea’s KCNA denounced Lee as a “hypocrite” over his denuclearization remarks and reaffirmed Pyongyang’s stance that its nuclear status is irreversible.
  • A Realmeter survey found 53.1% of South Koreans viewed the LeeTrump summit positively, with assessments split along ideological and generational lines.