Trump signs memo permitting foreign shipbuilders to build up to 2 US ships in their shipyards

US President Donald Trump on Thursday signed a national security memorandum permitting foreign shipbuilders to build up to two ships in their parent shipyards for delivery to the United States, as the US seeks to rebuild its Navy and shipbuilding industrial base.

The memorandum came as the US is stepping up shipbuilding cooperation with South Korea, which has committed to investing $150 billion in the US shipbuilding sector as part of a total $350 billion investment pledge under last year's bila