US Opens Door to Foreign-Built Ships with Trump-Era Policy Boosting Hanwha

The game-changer has finally arrived, and it's about to shake the very foundations of the American shipbuilding industry. US President Donald Trump has just dropped a bombshell, signing a presidential memorandum that will allow foreign companies to build up to two ships at their home-country facilities. This could be the break the struggling US Navy needs, but it also raises the stakes for domestic shipyards like Philly Shipyard, which has been acquired by South Korea's Hanwha Group. Will this new rule give Hanwha the upper hand in the US naval shipbuilding business, or will it be a recipe for disaster?