The Wall Street Journal (gated) report that the Trump administration is preparing an order to bolster US shipbuilders and punish China.

  • order includes 18 measures ranging from raising revenue from fees on Chinese-built ships and cranes entering the U.S., to establishing a new office at the National Security Council to strengthen the domestic maritime sector.
  • The measures also include raising wages for nuclear-shipyard workers

The US is lagging far behind China in ship building. Scrambling to catch up.

Shipping tanker tariffs
Source: Forex Live