Trump opens door to foreign-built US ships, boosting Hanwha

US President Donald Trump has moved to allow foreign companies investing in American shipyards to build up to two ships at their home-country facilities, which could give South Korea’s Hanwha a major advantage in its US naval shipbuilding business. Trump signed a presidential memorandum Thursday aimed at rebuilding the US Navy and domestic shipbuilding industry, creating an exemption to long-standing rules against the construction of US military vessels at foreign shipyards. "As foreign shipbuil

By The Korea Herald