US Reportedly Probes Barriers, Subsidies And Unfair Trade Practices By China In Global Shipbuilding As Trump Tariff Threat Looms
- The US investigation found that China uses unfair policies to dominate the global shipbuilding industry, according to sources familiar with the results.
- The probe was initiated by US Trade Representative Katherine Tai at the request of the United Steelworkers and other unions under Section 301 of the Trade Act of 1974.
- Investigators concluded that China employs financial support and barriers for foreign firms to gain an advantage in shipbuilding, as reported by one source.
- The report indicates that China's share in the global shipbuilding market has grown to over 50% by 2023, largely due to government subsidies.
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Total News Sources0
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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