US EditionIs the Trump administration’s plan to tax all Chinese-built ships a good idea?
- The Trump administration revealed a plan to enforce significant charges on ships constructed in China at U.S. Ports like San Diego Bay, beginning in mid-October.
- This policy aims to reduce China's dominance in global shipbuilding by making it more costly for importers to use Chinese vessels and encouraging U.S. Shipbuilding.
- China controls over 50% of global shipbuilding, while the U.S. Shipbuilding industry has declined and remains comparatively small with limited capacity and infrastructure.
- The Port of San Diego estimates the fees could add about $150 per car imported on Chinese vessels, raising transportation costs which consumers would likely bear.
- Experts warn the levies will not revive U.S. Shipbuilding soon, may disrupt trade, and mainly increase costs for consumers, making the long-term impact uncertain.
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San Diego Union Tribune+19 Reposted by 19 other sources
Is the Trump administration’s plan to tax all Chinese-built ships a good idea?
The Trump administration recently announced a plan for steep port fees on Chinese-built vessels, which dominate global trade and are frequently in San Diego Bay. The idea is to limit China’s dominance in the seas by making it more expensive to use their vessels and, in theory, push the nation’s importers into the arms of the comparatively small U.S. shipbuilding industry. The new Chinese levies, which wouldn’t take effect until mid-October, coul…
·San Diego, United States
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Leaning Left1Leaning Right1Center15Last UpdatedBias Distribution88% Center
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- 88% of the sources are Center
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