Commodities
Trump Threatens Double Burden for South Korea Over Alaska LNG Project
US President Donald Trump has warned that South Korea could face double the financial burden if it doesn't sign on to a $50 billion Alaska liquefied natural gas (LNG) project.
The threat comes after Seoul announced it would invest more than $50 billion in the project, but later clarified that no final decision had been made.
Trump said he would 'double it up' if Korea doesn't participate, which has led to speculation about what exactly he intends to double - the amount of Korean investment or tariffs?
The US President's comments have sparked concerns that Seoul could face further investment pressure and potentially even higher tariffs if it declines to participate in the project.