Trump Says South Korea Agrees to Launch Alaska LNG Project; Unilateral Announcements Continue

[Financial News]

U.S. President Donald Trump continued to put pressure on South Korea, Taiwan and Japan. On the 14th (local time), Trump claimed on his social media platform Truth Social that South Korea had agreed to invest $50 billion and launch an Alaska liquefied natural gas (LNG) project with the United States.
Trump claimed, "I just traveled to Alaska to launch the Alaska LNG project, the largest energy infrastructure project in Alaska's history," adding, "South Korea's $50 billion infrastructure investment is part of the trade and investment agreement I made with it." Trump had earlier also pressured South Korea by threatening to double tariffs if it did not sign soon.
Trump also claimed that day that Taiwan had promised to buy Alaska LNG.
He said, "Today, I am announcing that Commerce Secretary Howard Lutnick has secured a $70 billion-$80 billion purchase commitment (offtake commitment) for Alaska LNG from Taiwan," adding, "That amounts to 30% of the pipeline's throughput over the next 20 years and is the largest purchase commitment in history."
Trump also claimed, "Taiwan has agreed to invest $4.4 billion in an equity stake in this project," adding, "This is the greatest project in Alaska's history, something possible only while I am in the White House."
In a post he published afterward, Trump said that two large semiconductor manufacturing facilities would be built in Malta, New York, and that Japan would provide $21 billion in investment.
He claimed, "Today, under my leadership, GlobalFoundries and the Department of Commerce, led by Secretary Lutnick, announced a major $21 billion investment to build two massive new semiconductor manufacturing facilities in Malta, New York," adding, "At my direction, Japan will provide the $21 billion in investment funds."
He went on to emphasize, "We are turning the investment commitments secured from Japan, South Korea and Taiwan into massive construction projects," adding, "That means more semiconductors, more electricity, more energy security, and more jobs for America."

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