Latest news with #Dollarsfor
Sharjah 24
31-07-2025
- Business
- Sharjah 24
Trump says US to impose 15% tariff on South Korean goods
"South Korea will give to the United States $350 Billion Dollars for Investments," Trump said in a post on his Truth Social platform, adding that the country would buy $100 billion in liquefied natural gas or other energy products. The 15 percent rate is below a 25 percent tariff that Trump had threatened earlier, and was equivalent to deals with Japan and the European Union. Trump added that an additional unspecified "large sum of money" will be invested by Seoul. "This sum will be announced within the next two weeks when the President of South Korea, Lee Jae Myung, comes to the White House for a Bilateral Meeting," Trump said, offering congratulations to his South Korean counterpart for his "electoral success." South Korea's Finance Minister Koo Yun-cheol said Seoul's commitment to help the United States revive its shipbuilding industry was instrumental in reaching the deal. "I believe MASGA made the greatest contribution to reaching today's agreement," Koo said at a news conference in Washington, referring to the "Make American Shipbuilding Great Again" proposal. "Our world-class shipbuilding companies, equipped with the highest level of ship design and construction capabilities, are expected to help revive the US shipbuilding industry," he said. Shares in South Korean shipbuilder Hanwha Ocean, which owns a shipyard in Philadelphia, soared more than 15 percent Thursday. The leaders' White House meeting will be their first since Lee assumed the presidency in June. In a statement on Facebook, Lee called the deal "the first major trade challenge" since his administration took power, adding: "We have overcome a major hurdle." "Through this deal, the government has eliminated uncertainty surrounding export conditions and ensured that US tariffs on our exports are either lower than or equal to those imposed on our major trade competitors." Mixed reaction Lee was elected in a snap vote last month following the impeachment of predecessor Yoon Suk Yeol over his disastrous martial law declaration in December. The deal marks an early victory for Lee's tenure as head of the export-reliant economy, Asia's fourth biggest. "This agreement represents the convergence of US interests in revitalizing its manufacturing sector and our determination to strengthen Korean companies' competitiveness in the American market," Lee's statement continued. But there were mixed reactions in South Korea. Its six major business associations, including the Korea Chamber of Commerce, said in a joint statement: "We view this agreement as a critical milestone that will not only ease trade-related uncertainties but also pave the way for a significant strengthening of economic cooperation between the two countries. "With much of the external uncertainty now resolved, the Korean business community will redouble efforts to boost domestic investment and job creation." But a handful of civic groups, including farmers and labour organisations, protested at the US Embassy in central Seoul, opposing "Trump's madman strategy." Demonstrators held signs reading "No Trump! No King!" and pointed out that there may be additional negotiations when Lee meets Trump. "Trump's actions amount to excessive interference in our domestic affairs," said Park Sung-hoon, head of the Korean Apple Growers Association. Since returning to the White House in January, Trump has imposed a sweeping 10 percent tariff on trading partners -- with extra rates for dozens of economies set for August 1 -- alongside steeper tolls on steel, aluminium and autos. News of the deal with South Korea came as Trump on Wednesday imposed 25 percent tariffs on Indian goods and 50 percent on those from Brazil.
Yahoo
10-06-2025
- Business
- Yahoo
American Water to Provide Expertise at 2025 SEARUC Annual Education Conference
CAMDEN, N.J., June 10, 2025--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., is participating in the 2025 Southeastern Association of Regulatory Utility Commissioners (SEARUC) Annual Education Conference, taking place June 8 through June 11, 2025, in San Antonio, Texas. The event brings together commissions, utility leaders and industry experts from across the Southeast to explore emerging regulatory issues and share best practices. Grant Evitts, President of Tennessee American Water, spoke today as part of the panel discussion Dollars for Drops: Investing in Water Infrastructure. The session will focus on the critical need for sustainable investment in aging infrastructure and how public-private partnerships, thoughtful regulation and innovation can help ensure safe, reliable service for generations to come. "Grant's participation in such a critical panel underscores our commitment to resilient and sustainable infrastructure investment and our belief in working with regulators to meet the evolving needs of the communities we serve," said Cheryl Norton, EVP and Chief Operating Officer, American Water. "We're proud to see Grant advancing these fundamental conversations across the Southeast." "It's an honor to join industry peers and regulators at SEARUC to discuss the future of water infrastructure in our region," said Evitts. "Investing in our systems today is more than pipes and plants—it's about helping ensure reliable service, protecting public health and building resilient communities. I'm proud to represent our team and share how collaboration and innovation are helping us deliver long-term value to customers." With operations across multiple southeastern states, American Water plays a vital role in addressing region-specific infrastructure needs while advancing sustainable, customer-focused solutions. Through leadership participation in SEARUC, the company continues to engage in meaningful dialogue with regulators and industry partners to strengthen utility performance and public trust. For more information about the SEARUC 2025 Annual Conference, visit About American WaterAmerican Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit and join American Water on LinkedIn, Facebook, X and Instagram. View source version on Contacts Media Contact: Alicia BarbieriDirector, Corporate Communications and External AffairsAmerican Water(856) Sign in to access your portfolio
