The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime
The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors.
USTR said in a January 16 report on a probe launched during the administration of former President Joe Biden that China increased its share of global shipbuilding tonnage from 5% in 1999 to over 50% in 2023 because of massive state subsidies and preferential treatment for state-owned enterprises that are squeezing out private-sector international competitors. The agency said that U.S. shipyards were building 70 ships in 1975, but just five annually today.
In a Federal Register notice published late on Friday, USTR detailed its proposed fees and other shipping restrictions. The agency scheduled a March 24 public hearing on the remedies.
The probe was launched in April 2024 at the request of the United Steelworkers and four other unions, and conducted under Section 301 of the Trade Act of 1974, as a way to rebuild an industry that has been in deep decline since the 1970s, when Japan and South Korea dominated shipbuilding. The results of the probe were announced last month, just days before
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