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BLOOMBERG - Trump gets new tool to fight China with findings on shipbuilding

Writer's picture: AdminAdmin

A US government investigation concluded that Chinese subsidies unfairly benefit the nation’s shipbuilding industry and harm American competitors, a decision that likely sets the stage for tariffs.


China uses policies that “unfairly depress costs or provide advantages” to develop dominance in specific sectors, according to the US Trade Representative’s office.


The pursuit of dominance in shipbuilding was unreasonable “because it displaces foreign firms, deprives market-oriented businesses and their workers of commercial opportunities, and lessens competition and creates dependencies,” heightening risk and hurting supply chain resilience, USTR said in a statement on Thursday in Washington.

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