By Jennifer Jacobs and Andreo Calonzo (Bloomberg) U.S. President Donald Trump offered to help resolve territorial disputes in the South China Sea as he entered the final leg of his 11-day swing through Asia. Trump arrived in the Philippines on Sunday for a series of meetings on regional security affairs hosted by the Association of Southeast Asian Nations. A key discussion … [Read more...]
U.S. Shipyards Point Out Major Flaw in Trump’s 350-Ship Navy Plan
By Mike Stone (Reuters) U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete … [Read more...]
Trump Picks Billionaire Shipowner For Cabinet
President-elect Donald Trump is expected to select billionaire shipowner Wilbur Ross Jr as secretary of the Commerce Department, the Wall Street Journal reported today, citing two people familiar with the deliberations. The commerce secretary, a cabinet-level position that requires Senate confirmation, typically serves as the government's chief business … [Read more...]