The Trump administration on Thursday announced fees on Chinese-built vessels.

cross-posted from: https://lemmy.world/post/28401341

The U.S. government began investigating China’s dominance in the shipbuilding industry, where it manufactures as much as 75%-80% of fleets, during the Biden administration.

Steep levies on Chinese-made ships arriving at U.S. ports have been proposed, up to as much as $1.5 million, as part of a plan to bring more ship manufacturing back to the U.S., a policy which has bipartisan support.

  • Redditsux@lemmy.worldOPEnglish
    57·
    22 days ago

    This is essentially adding another layer of tax or tariffs on imports, and more impediments to global trade. Basically, Trump is determined to stall trade with the world and fuck the economy.

    • justOnePersistentKbinPlease@fedia.io
      19·
      22 days ago

      Trick is that Vancouver is a massive port complex and can pick up the slack for the US pacific ports.

      And knowing how Richmond, BC operates, expect to see a lot of sudden Chinese business activity where things are being “finished” in Canada then shipped to the US.

  • ikidd@lemmy.worldEnglish
    13·
    21 days ago

    Yes, I imagine there will be a rush to spend a trillion or two setting up infrastructure in a country that can’t keep it’s trade policy consistent for 45 minutes in a row.

  • rxbudian@lemmy.caEnglish
    7·
    21 days ago

    China could also say only Chinese ships docking at Chinese ports and now there’s a nice middlemen that also adds cost to the price.
    The most efficient is probably ship to Mexico or Canada and import through land, but still need middlemen to do them + extortion by Cartels in Mexico.