South Korea is pitching the U.S. on a shipbuilding partnership as a key proposal to seal a last-minute agreement to avoid a 25% tariff rate.
While details remain unclear, Yonhap News reported that South Korea has proposed a multibillion dollar project dubbed ¡°Make American Shipbuilding Great Again.¡± South Korea¡¯s Industry Ministry declined to comment.
¡°We confirmed the U.S. side¡¯s strong interest in the shipbuilding sector and the two countries agreed to work together to develop mutually acceptable terms that include shipbuilding cooperation,¡± South Korea¡¯s presidential office said in a statement Saturday.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.