Tag

Us Shipbuilding

All articles tagged with #us shipbuilding

Trump Endorses South Korea's Nuclear Submarine Ambitions and $950B Deal
world2 months ago

Trump Endorses South Korea's Nuclear Submarine Ambitions and $950B Deal

US President Donald Trump announced that South Korea has been granted approval to build a nuclear-powered submarine in the United States, with the project to be constructed in Philadelphia. This move aims to enhance South Korea's ability to monitor North Korean and Chinese vessels and signifies a boost to US shipbuilding efforts, with South Korea committing $150 billion to invest in American shipbuilding capacity. The project does not involve nuclear armament but focuses on improving submarine endurance.

world3 months ago

US and China escalate trade tensions with retaliatory port fee measures

The US and China are set to impose new fees on maritime trade, stemming from a trade investigation into China's shipbuilding practices, aiming to boost US maritime dominance amid concerns over supply chain disruptions and economic security, though critics argue these measures may harm global trade and increase costs for US consumers and businesses.