Lutnick Says Semiconductor Tariffs Are Not Part of S.Korea Deal

Oct. 30, 2025, 12:45 AM UTC

Commerce Secretary Howard Lutnick says semiconductor tariffs are not part of the trade deal between South Korea and US, in a post on X.

  • Lutnick says Trump will additionally direct another $200 billion across projects built in America
    • Includes the Alaska Natural Gas Pipeline, energy infrastructure, critical minerals, advanced manufacturing, and AI and quantum computing
  • NOTE: US, South Korea Finalize Deal on Investments, Lower Tariff Rate

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Natalie Choy in Singapore at nchoy5@bloomberg.net

To contact the editors responsible for this story:
Tim Smith at tsmith58@bloomberg.net

Matthew James Mcarthur

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