The Wall Street Journal (gated) report that the Trump administration is preparing an order to bolster US shipbuilders and punish China.
- order includes 18 measures ranging from raising revenue from fees on Chinese-built ships and cranes entering the U.S., to establishing a new office at the National Security Council to strengthen the domestic maritime sector.
- The measures also include raising wages for nuclear-shipyard workers
The US is lagging far behind China in ship building. Scrambling to catch up.
This article was written by Eamonn Sheridan at www.forexlive.com.
