President Trump moves so fast and announces so much that it’s hard to sort the real from the hype. Cases in point are the invest-in-America promises that foreign governments have made as part of Mr. Trump’s trade deals. They’re so large they’re unlikely to happen, and they raise serious questions about American governance and the power of the purse.
Mr. Trump heads to South Korea later this month for the annual APEC meetings, and Treasury Secretary Scott Bessent says the Administration is “about to finish up” negotiations over Seoul’s promise to invest some $350 billion in the U.S. In return Mr. Trump cut his tariff on South Korea to 15% from 25%. Japan has also agreed to cut the U.S. a $550 billion check in return for a tariff reduction.
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