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.