Trump signs executive order to rebuild US shipbuilding
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/4/2026
- Nasdaq ends higher as AI heavyweights rebound ahead of midterm results
- Apple shares slip amid guidance for tightening margins, slowing services growth
- Rising shorts cool U.S. large-cap positioning, cutting liquidation risk: Citi
- Apple's 'unprecedented' memory warning adds fuel to wobbly Micron, SK hynix trade
- Palantir raises 2026 revenue outlook after quarterly revenue nearly doubles on AI
Tweet
Share
E-mail
U.S. President Donald Trump holds a signed executive order on 'Modernizing Defense Acquisitions And Spurring Innovation In The Defense Industrial Base', in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025. REUTERS/Nathan Howard
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signed an executive order aimed at rebuilding U.S. shipbuilding and reducing China's grip on the global shipping industry.
Trump told reporters the U.S. would be spending "a lot of money on shipbuilding" to restore American capacity in the sector.
(Reporting by Andrea Shalal; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Global central banks hit pause in October after September hiking spree
- Ukraine's Zelenskiy awards Melania Trump state honour
- Tencent rolls out AI model trained with limited cybersecurity data amid hacking fears
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
