Trump Threatens Tariff Hikes After South Korea Rejects $54B Alaska LNG Commitment
President Donald Trump threatened to increase tariffs on South Korea after Seoul disputed his claim that the country committed to a $54 billion investment in the Alaska LNG project. While Washington announced the deal as finalized to support Republican candidates in Alaska, South Korean officials stated no commitment has been made, citing unresolved commercial viability and legal reviews. The dispute highlights tensions between the allies as the project remains stalled due to financing issues.