Shipbuilding
South Korea and US finalize trade deal at APEC summit
Raj Patel Image generated by AI
At the Asia-Pacific Economic Cooperation (APEC) summit, Presidents Lee Jae Myung of South Korea and Donald Trump of the United States finalized details of a $350 billion Korean investment pledge. The deal includes tariff cuts on automobiles and shipbuilding cooperation, along with U.S. approval for South Korea to build nuclear-powered submarines. It marks a new chapter in bilateral industrial and economic ties.
Japan and U.S. to sign shipbuilding cooperation memorandum during Trump visit
Japan and the United States plan to sign a memorandum on improving shipbuilding capabilities during U.S. President Donald Trump's visit starting Monday. The agreement seeks to counter China's dominance in the sector and enhance national security.