US & China
Trump Proposes New Ship Fees to Challenge China’s Maritime Might
- US exports would be subject to American ship mandate, too
- China has become a global powerhouse in shipbuilding industry
China has targeted the maritime, shipbuilding and logistics sectors for dominance, effectively undercutting competition and winning “market share with dramatic effect,” the Office of the US Trade Representative said in its proposal Friday.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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The Trump administration is proposing fees on the use of China’s commercial ships it says could help counter the country’s maritime dominance.