Trump signs memo permitting foreign shipbuilders to build up to 2 US ships in their shipyards
WASHINGTON — U.S. President Donald Trump on Thursday signed a national security memorandum permitting foreign shipbuilders to build up to two ships in their parent shipyards for delivery to the United States, as the U.S. seeks to rebuild its Navy and shipbuilding industrial base. The memorandum came as the U.S. is stepping up shipbuilding cooperation with Korea, which has committed to investing…
On Thursday, President Donald Trump signed a national security memorandum allowing foreign shipbuilders to construct up to two ships in their U.S. shipyards for delivery to the United States. This move aims to bolster the United States' Navy and shipbuilding industrial base. The memorandum follows the United States' increased collaboration in shipbuilding with South Korea, which has pledged to invest $150 billion into the U.S. shipbuilding sector, as part of a broader $350 billion investment commitment under a recent bilateral trade and investment agreement.
According to the White House, as foreign shipbuilders invest heavily in American shipyards and establish a workforce of American workers, they will be granted temporary authorization to build up to two ships in their parent shipyards, which will be delivered to the U.S. to address urgent needs. Subsequently, additional ships will be constructed in revitalized American shipyards.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
