“The Trump administration has been keen on shoring up America’s shipbuilding sector as China is known to have over 230 times the shipbuilding capacity of the United States in the midst of an intensifying Sino-U.S. strategic competition.”
“The plan proposes a ‘Bridge Strategy’ for a multi-ship buy, in which the first ships in a shipbuilding contract are built in a foreign shipbuilder’s home shipyard, while concurrent direct capital investments are made in a U.S. shipyard they have purchased or partnered with to eventually onshore construction in the U.S.”
“For the MASGA initiative, South Korea has earmarked $150 billion, part of a $350 billion investment that it has pledged under the trade deal with the Trump administration in return for Washington lowering ‘reciprocal’ tariffs on the Asian country to 15 percent from 25 percent.”
” ‘Close coordination with allies and partners will align trade policies to enhance investment in the U.S. maritime sector,’ [the plan] said.”