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USTR gets input on shipbuilding, port fees; Ways & Means holds trade hearing

  • American Compass supports the U.S. Trade Representative's efforts to address China's dominance in shipbuilding, stressing the importance of shipbuilding to U.S. Economic security.
  • In 2023, the U.S. Had only five commercial ships on order, compared to China's 1,749, highlighting a concerning disparity.
  • A recent poll found that 72% of Americans believe the U.S. Should not depend on foreign producers for ships, indicating public support for domestic shipbuilding initiatives.
  • USTR Jamieson Greer proposed tariffs on Chinese vessels, aiming to strengthen U.S. Shipbuilding capacity and reduce reliance on China.
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ExchangeMonitor broke the news in on Sunday, March 23, 2025.
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