South Korea's shipbuilding industry played a crucial role in securing a US-Korea tariff agreement, according to Professor Kim Dae-jong. The deal, worth $150 billion, includes South Korean shipbuilders rebuilding the US navy fleet and easing tensions with a top-10 trading partner. In return, the US will accept South Korean products without tariffs, while South Korea will not open its rice and beef markets further. President Trump announced the agreement on July 30, following a meeting with South Korean Finance Minister Koo Yun-cheol, who credited the "Make America Shipbuilding Great Again" package as key to the deal.