South Korea pledges $150 billion to help US restore its shipbuilding industry
South Korea has pledged US$150 billion to help its shipbuilders enter the US market as part of Seoul's new trade deal with Washington. The move will aim to help America revive its shipbuilding industry and counter China's dominance in the sector. US President Donald Trump announced on July 30, 2025, that the United States and South Korea had agreed on a 'full and complete' trade deal, which would see the US impose a 15 per cent tariff on South Korean goods and receive US$350 billion of investments from its Asian ally.
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South China Morning Post
5 hours ago
- South China Morning Post
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South China Morning Post
7 hours ago
- South China Morning Post
China's central bank vows to boost money supply, cut borrowing costs in growth push
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South China Morning Post
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EU condemns Macau authorities for arrest of former lawmaker and activist
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