Published 1 day ago • loading... • Updated 9 hours ago

Trump to create office of shipbuilding, offer tax incentives

President Donald Trump announced the creation of an office of shipbuilding in the White House, aimed at revitalizing the American shipbuilding industry and offering new tax incentives during a congressional address.
The Shipbuilders Council of America welcomed Trump's announcement as a way to revitalize the U.S. Shipbuilding sector, with President Matthew Paxton stating the industrial base is ready to meet national defense demands.
China controls over 50% of the global shipbuilding market, criticized the U.S. Investigation into its shipbuilding practices, and labeled it as unilateralism and protectionism.
The new office aims to enhance the U.S. Military and commercial shipbuilding industries, producing ships quickly and efficiently.

Insights by Ground AI

Does this summary seem wrong?

32 Articles

All

Left

Center

Right

Business Insider

Trump wants the US to start cranking out ships. It won't be easy.

President Trump seems to have a plan in mind to start addressing US shipbuilding problems, but it is likely to be a hard road.US Navy photo by Mass Communication Specialist 2nd Class Simon PikePresident Trump announced a new White House office to tackle US shipbuilding problems.It seems to be a priority for his administration.But shipbuilding issues run deep and won't be solved overnight.President Donald Trump said that he wants to see the US bu…

9 hours ago·United States

Read Full Article

Alabama Live

Trump shipbuilding plan could boost Mobile’s economy

President Donald Trump’s Tuesday pledge to create a new White House Office of Shipbuilding could be a windfall for Mobile, a city where he had some of his earliest campaign successes in 2015.

11 hours ago·Alabama, United States

Read Full Article

Wispolitics.com

U.S. Sen. Baldwin: Responds to Trump’s commitment to “Resurrect the American shipbuilding industry”

WASHINGTON, D.C. – Today, U.S. Senator Tammy Baldwin (D-WI) released the following statement in response to President Trump’s commitment to “resurrect the American shipbuilding industry” during his joint address to Congress. “I take great pride in representing Wisconsin’s shipbuilding industry,...

11 hours ago·Madison, United States

Read Full Article

247wallst.com

President Trump Gave New Life to These 2 Surprising Stocks

President Trump delivered a stemwinder of a speech to a joint session of Congress last night. At more than 90 minutes, it was the longest since records of such addresses began being kept. While it recounted much of what he’s achieved so far in his first 44 days in office, Trump also unveiled a bold plan to bolster U.S. shipbuilding, announcing the creation of a White House Office of Shipbuilding and offering tax incentives to encourage domesti…

11 hours ago·New York, United States

Read Full Article

Fox Business

Trump to create office of shipbuilding, calls for tax incentives

President Donald Trump said Tuesday during his address to Congress that the White House will create an office of shipbuilding and plans to offer new tax incentives aimed at reinvigorating the U.S. shipbuilding industry."To boost our defense industrial base, we are also going to resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding," Trump said during his speech. "And for that purpose, I am anno…

15 hours ago·United States

Read Full Article

News 5 Cleveland

Could the president's plan return shipbuilding to Lorain?

Could a presidential plan to increase shipbuilding in the U.S. open the door to reviving an industry that was a prominent part of Lorains history?We used to make so many ships, President Donald Trump told a joint session of Congress Tuesday. We dont make them anymore very much, but were going to make them very fast, very soon.The president announced plans for a new office of shipbuilding offering tax incentives to increase production at home.The…

16 hours ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year