Trump signs executive order to rebuild US shipbuilding
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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)
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