TOKYO -- Japan and the U.S. on Tuesday signed a memorandum of understanding to cooperate on expanding shipbuilding capacity and making related investment in the U.S., amid shared concern about China's growing footprint in a field closely linked to economic security.
International relations
Japan, US agree to shipbuilding cooperation as China builds capacity
Allies sign MOU during Trump's visit with eye on investment in American industry
Though Japan's is the world's third-largest shipbuilder, its share of the global market has slumped over the past two decades. (Photo by Takaki Kashiwabara)
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