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China’s grip on global shipbuilding sparks Trump maritime action plan aimed at reviving US industry

On HALO

1 day ago

The Trump administration unveiled a sweeping maritime action plan Friday, aimed at reclaiming U.S. maritime dominance and reducing America’s reliance on foreign-built and foreign-flagged ships that carry the vast majority of its international trade.Senior administration officials warned in a call with reporters that nearly 99% of U.S. international maritime trade "moves on foreign-built, foreign-owned and foreign-flagged" vessels, a dependence they described as a national and economic security vulnerability as global competition intensifies."Roughly 50% of our trade moves through the maritime...