Trade and defense on the agenda as President Donald Trump hosts South Korea’s Lee Jae Myung

WASHINGTON (AP) — President Donald Trump is hosting Lee Jae Myung, the new president of South Korea, at the White House on Monday for talks expected to center on trade and defense.

The first in-person meeting between the two leaders could help flesh out details of a July trade deal between the two countries that has Seoul investing hundreds of billions of dollars in the U.S. The agreement set tariffs on South Korean goods at 15% after Trump threatened rates as high as 25%.

Trump declared at the time that South Korea would be “completely OPEN TO TRADE” with the U.S. and accept goods such as cars and agricultural products. Automobiles are South Korea’s top export to the U.S.

Seoul has one of the largest trade surpluses among Washington’s NATO and Indo-Pacific allies, and countries where the U.S. holds a trade deficit has drawn particular ire from Trump, who wants to eliminate such trade imbalances.

Lee’s office said in announcing the visit that the two leaders plan to discuss cooperating on key manufacturing sectors such as semiconductors, batteries and shipbuilding. The latter has been a particular area of focus for the U.S. president.

On defense, one potential topic is the continued presence of U.S. troops in South Korea and concerns in Seoul that the U.S. will seek higher payments in return.

Ahead of his visit to Washington, Lee traveled to Tokyo for his first bilateral visit as president in a hugely symbolic trip for the two nations that hold longstanding historical wounds. The summit with Japanese Prime Minister Shigeru Ishiba was interpreted by analysts as a way to show unity and potential leverage as Japan and South Korea face new challenges from the Trump administration.

Lee was the first South Korean president to choose Japan for the inaugural bilateral visit since the two nations normalized ties in 1965.

Elected in June, Lee was a former child laborer with an arm deformity who rose his way through South Korea’s political ranks to lead the liberal Democratic Party and win the presidency after multiple attempts. He succeeds the conservative Yoon Suk Yeol, whose brief imposition of martial law last December led to his stunning ouster from office.

Lee faced an assassination attempt in January 2024, when he was stabbed in the neck by a man saying he wanted Lee’s autograph and later told investigators that he intended to kill the politician.

Lee arrived in the U.S. on Sunday and will leave Tuesday. He headlined a dinner Sunday evening with roughly 200 local Korean-Americans in downtown Washington on Sunday night.