Truthful Investor - Investing and Stock News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Truthful Investor - Investing and Stock News
No Result
View All Result
Home Latest News

Trump admin to send workers abroad to boost US shipbuilding, counter China’s edge

by
September 4, 2025
in Latest News
0
Trump admin to send workers abroad to boost US shipbuilding, counter China’s edge
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The U.S. Labor Department is planning to partner up with allies like South Korea and Japan to train U.S. workers to become shipbuilders under President Donald Trump’s push to revitalize the industry. 

While China is massively outpacing the U.S. when it comes to shipbuilding, the Labor Department will announce an $8 million funding availability Thursday for an international fellowship program that will pair up U.S. institutions with foreign counterparts to remedy this disparity. 

The four-year proposed project will team up U.S. training centers, registered apprenticeship programs and education institutions like community colleges with foreign training centers, and shipyards in Canada, Finland, Italy, Japan, South Korea and other countries to provide U.S. workers with advanced shipbuilding skills, according to the Labor Department. 

The fellowship, led by the Labor Department’s Bureau of International Labor Affairs, will prioritize training for boilermakers, industrial electricians, steelworkers, steamfitters, shipwrights and welders.

Likewise, the funding will also go toward creating a specialized, internationally recognized trade curriculum aimed at fostering more advanced training in the U.S. The initiative seeks to garner knowledge from allies and distribute it more widely among workers within the U.S. to expand shipbuilding trade skills domestically. 

‘Working closely with our allies will advance the Department of Labor’s mission to create effective shipbuilding apprenticeship programs right here in the United States,’ Secretary of Labor Lori Chavez-DeRemer said in a statement to Fox News Digital. ‘President Trump is restoring America’s maritime dominance by preparing our workforce to outcompete China and strengthen our national security.’

The U.S. is severely behind near-peer competitors like China when it comes to shipbuilding — and allies like South Korea and Japan. 

China is responsible for more than 50% of global shipbuilding, while South Korea is responsible for nearly 29% and Japan 13%, according to the Center for Strategic and International Studies. That’s compared to just 0.1% from the U.S. 

‘The erosion of U.S. and allied shipbuilding capabilities poses an urgent threat to military readiness, reduces economic opportunities, and contributes to China’s global power-projection ambitions,’ the Center for Strategic and International Studies said in a March report. 

But Trump has directed his attention to the industry, and told lawmakers in March that he would ‘resurrect’ both commercial and military shipbuilding. Additionally, Trump signed an executive order in April aimed at reinvigorating the U.S. shipbuilding sector. 

Specifically, the executive order called for assessments regarding how the government could bolster financial support through the Defense Production Act, the Department of Defense Office of Strategic Capital, a new Maritime Security Trust Fund, investment from shipbuilders from allied countries and other grant programs.

It also instructed agencies to develop a maritime action plan and ordered the U.S. trade representative to compile a list of recommendations to address China’s ‘anticompetitive actions within the shipbuilding industry.’ 

The new fellowship program stems from Trump’s executive order, according to the Labor Department. 

Those eligible to apply for the funding opportunity include any commercial, international, educational or nonprofit organization, which includes faith-based, community-based or public international groups.

The application deadline is Sept. 26. 

This post appeared first on FOX NEWS
Previous Post

GOP duo unveils plan to force Congress to ‘face consequences’ as shutdown looms

Next Post

RFK Jr denies telling former CDC director to approve vaccine recommendations

Next Post
RFK Jr denies telling former CDC director to approve vaccine recommendations

RFK Jr denies telling former CDC director to approve vaccine recommendations

  • Trending
  • Comments
  • Latest
Trump says he will require voter ID with executive order

Trump says he will require voter ID with executive order

August 31, 2025
Israel eliminates Houthi prime minister in Yemen airstrike targeting senior government officials

Israel eliminates Houthi prime minister in Yemen airstrike targeting senior government officials

August 31, 2025
Trump appointee exits US foreign aid agency after four-month sprint: ‘Mission accomplished’

Trump appointee exits US foreign aid agency after four-month sprint: ‘Mission accomplished’

August 31, 2025
Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

August 31, 2025
Trump endorses Hinson in 2026 race to keep key Senate seat red

Trump endorses Hinson in 2026 race to keep key Senate seat red

0
Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

0
Trump appointee exits US foreign aid agency after four-month sprint: ‘Mission accomplished’

Trump appointee exits US foreign aid agency after four-month sprint: ‘Mission accomplished’

0
Trump nominees squeezed between ‘blue slips’ and blue obstruction

Trump nominees squeezed between ‘blue slips’ and blue obstruction

0
Trump endorses Hinson in 2026 race to keep key Senate seat red

Trump endorses Hinson in 2026 race to keep key Senate seat red

September 6, 2025
A closer look at Air Force One and the executive fleet

A closer look at Air Force One and the executive fleet

September 6, 2025
EXCLUSIVE: Franklin Graham praises VP Vance’s stand, critiques his ‘salty’ language in RFK Jr. defense

EXCLUSIVE: Franklin Graham praises VP Vance’s stand, critiques his ‘salty’ language in RFK Jr. defense

September 5, 2025
Loyal Ex-Biden aide says fateful debate against Trump was ‘overblown’ in closed-door House grilling

Loyal Ex-Biden aide says fateful debate against Trump was ‘overblown’ in closed-door House grilling

September 5, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Trump endorses Hinson in 2026 race to keep key Senate seat red

    Trump endorses Hinson in 2026 race to keep key Senate seat red

    September 6, 2025
    A closer look at Air Force One and the executive fleet

    A closer look at Air Force One and the executive fleet

    September 6, 2025
    EXCLUSIVE: Franklin Graham praises VP Vance’s stand, critiques his ‘salty’ language in RFK Jr. defense

    EXCLUSIVE: Franklin Graham praises VP Vance’s stand, critiques his ‘salty’ language in RFK Jr. defense

    September 5, 2025
    Loyal Ex-Biden aide says fateful debate against Trump was ‘overblown’ in closed-door House grilling

    Loyal Ex-Biden aide says fateful debate against Trump was ‘overblown’ in closed-door House grilling

    September 5, 2025
    • About us
    • Contact us
    • Terms & Conditions
    • Privacy Policy

    Copyright © 2024 Truthfulinvestor.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2024 Truthfulinvestor.com All Rights Reserved.