United States President Donald Trump addressed the Asia Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, where he highlighted his administration’s renewed focus on economic expansion, industrial revival, and international cooperation. Trump emphasized that the U.S. is becoming “the best place on Earth to do business” and promised faster permits and stronger support for companies investing in America.
Key Announcements
During his remarks, Trump made several forward-looking statements outlining his economic vision and global strategy:
- The U.S. aims to secure a significant share of the global semiconductor market, as chip manufacturing continues to return to American soil.
- He noted that U.S. semiconductor production is “quickly coming back”, underscoring the administration’s push for self-reliance in critical technologies.
- Trump said the U.S. is “set to hold a large portion of the semiconductor market” and “expects to secure a big part of the chip industry.”
- He reiterated that U.S. shipbuilding will experience strong growth, signaling renewed investment in industrial and defense manufacturing.
- Trump also reaffirmed that the U.S. maintains a strong partnership with South Korea, highlighting bilateral collaboration in trade, technology, and security.
- Emphasizing diplomacy, he said, “U.S. success leads to a stronger alliance and a thriving Indo-Pacific.”
Business Reforms and Vision
Trump stressed that his administration is rewarding those who “build, create, and invest in the U.S.” He pledged faster permit approvals and enhanced service for investors, adding:
“When you come into America, you’re going to get service like you’ve never seen before.”
He said these policies are designed to make the U.S. a magnet for global businesses, attract large-scale manufacturing investments, and create high-value jobs domestically.
Economic Context
Trump’s remarks come amid the ongoing APEC summit, where leaders are discussing cooperation in trade, supply chains, and industrial policy. His focus on semiconductors aligns with the U.S. strategy to reduce dependency on overseas manufacturing and strengthen the domestic industrial base following global supply chain disruptions.
The president’s comments also complement the Federal Reserve’s ongoing measures to stabilize the economy, with expectations of another 0.25 percentage point interest rate cut to support growth amid mixed economic indicators.
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