Constraening economic growth of China has been Washington’s priority since Donald Trump’s presidency. Five United States labor unions have called for action against Chinese dominance within the global shipbuilding market, which has gained an advantage through significant state subsidies. The United States Trade Representative (USTR) has introduced a $1.5 million fee for any Chinese-made ship docking at a US port to counter what it sees as unfair advantages. Over the past three decades, China has become the leading global force in ship production, a position aided by hundreds of billions of dollars of investment while pushing out foreign competitors. Yet, critics argue that the decline of US shipbuilding was already underway before China’s dominance, with Japan and South Korea being the countries most impacted by China’s presence in the market.
Source: https://www.dw.com/en/us-strikes-back-at-china-s-maritime-trade-with-port-fee/a-71814384?maca=en-rss-en-all-1573-rdf
