Articles tagged with “shipbuildingindustry”

South Korea aims to leverage its shipbuilding industry as a key bargaining chip in upcoming trade talks with the United States. As the world's secondlargest shipbuilder, Seoul hopes to assist President Trump's goal of reviving U.S. maritime industries in exchange for relief from proposed tariffs on exports like cars and steel. Officials confirmed shipbuilding will be part of a new trade deal, alongside potential largescale purchases of American liquefied natural gas to reduce South Korea's trade surplus. Trade Minister Ahn Dukgeun called shipbuilding a critical negotiating tool, citing the Trump administration's expressed interest in cooperation. South Korea has avoided retaliatory tariffs, opting instead for dialogue. Finance Minister Choi Sangmok plans to meet U.S. Treasury officials next week to advance discussions. The talks aim to balance economic interests while maintaining the longstanding alliance between the two nations.