🇨🇳 🇺🇸 China's FOREIGN MINISTRY: "China and the US have not held consultations or negotiations on tariffs. If the US truly wants to resolve the issue, it should lift all unilateral tariff measures against China."
Re: U.S. Ship Building
The Polar Star (only heavy ice 🧊 breaker in the entire U.S. fleet) has spent so much time in dry dock in Valejo, CA - that you can see it on google maps!
Korea WILL become the next global ship-building leader.
The U.S. may catch up eventually, but for now we can't even fix our own icebreakers at the naval dry-docks in Valejo, CA.
Korea WILL become the next global ship-building leader.
The U.S. may catch up eventually, but for now we can't even fix our own icebreakers at the naval dry-docks in Valejo, CA.
$PLTR HD Hyundai wins South Korean Navy contract for combat USV design
HD Hyundai Heavy Industries has been awarded a contract by the Republic of Korea (ROK) Navy Headquarters for the Combat Unmanned Surface Vehicle (USV) Conceptual Design Project.
The project is poised to become the ROK Navy’s next focal initiative, with HD Hyundai Heavy Industries at the helm of developing maritime vessels.
I smell Tenebris. PTFB
Who dares win? Palantir
That said - the moral of the story here is companies with strong margins will be hard pressed to leave China. But it does mean that greater margins mean greater time to transition to US production.
Was speaking with some factory contacts in China 🇨🇳 last night. Some interesting takeaways:
Even with 150% tariffs their effective cost for a line worker is still *only* $6/hr.
They're also allocating $30M to buy a production facility in the US!