President Donald Trump is drafting an executive order to boost US shipbuilding. The move aims to reduce China’s dominance in the global maritime industry.
The plan includes fees on imports arriving on Chinese-made ships. Additionally, it offers tax credits and incentives to revive American shipbuilding. A Maritime Security Trust Fund will also be created. The White House will form a new office at the National Security Council to lead the effort.
This proposal has received praise from both political sides. Jake Sullivan, former President Biden’s national security adviser, highlighted the importance of American shipbuilding. He said, “American shipbuilding is critical to protecting our national and economic security.”
US lawmakers from both parties have long been concerned about China’s maritime dominance. The draft order builds on existing proposals, including bipartisan-backed legislation.
The order follows a year-long investigation by the Biden administration. This probe, requested by unions, revealed that China’s policies harmed US shipbuilding. Michael Wessel, president of the Wessel Group, called Trump’s move an encouraging step.
Trump’s initiative targets China’s growing influence in the maritime sector. The US Trade Representative recently proposed a fee for Chinese-built vessels entering US ports.
Trump also announced a deal that gives BlackRock control of key Panama Canal ports. He praised the deal as part of efforts to reclaim control over vital infrastructure.
The executive order also includes measures to review government procurement processes. It plans to raise wages for nuclear shipyard workers and develop security strategies for the Arctic.
Trump’s push for strengthening US shipbuilding aims to bolster national security and counter China’s influence. As the administration moves forward, the focus remains on revitalizing American maritime power.
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