U.S. President Donald Trump signed an executive order on Wednesday for a review of rules governing exports of military equipment, as he seeks to make it easier for U.S. defense firms to sell their products abroad.

U.S. President Donald Trump on Wednesday signed an executive order aimed at rebuilding U.S. shipbuilding and reducing China's grip on the global shipping industry. Trump told reporters the U.S. would be spending "a lot of money on shipbuilding" to restore American capacity in the sector.

President Donald Trump signed an executive order Wednesday that seeks to revive US shipbuilding and will dispatch Elon Musk’s efficiency squad to investigate how the US Navy fell so far behind in turning out vessels.