Trump Will Work With U.K. On Stena Impero Response

by Josh Wingrove (Bloomberg) President Donald Trump said he will work with the U.K. government on a response to Iran’s seizure of a British oil tanker in the Strait of Hormuz. “We have a very close alliance with the U.K.,” Trump said at the White House on Friday as he departed for his golf resort in Bedminster, New Jersey. “I will be working with the U.K.” Iran’s … [Read more...]

Trump’s Atlantic Oil Effort Runs Aground In South Carolina

by Carlyann Edwards (Bloomberg) More than half the registered voters in Republican-controlled South Carolina supported Donald Trump in a poll last month, but there’s at least one area where state leaders are ditching the president to join rival Democrats: a fight against oil exploration off the Atlantic coast. While no new drilling has been approved in U.S. Atlantic waters, … [Read more...]

Trump Offers to Play South China Sea Peacemaker

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...]