(Excerpt from the press release available here: https://democrats-selectcommitteeontheccp.house.gov/media/press-releases/ranking-member-krishnamoorthi-responds-biden-administration-ustr-finding-ccps)
“We welcome the Biden Administration’s findings from its investigation of the Chinese Communist Party’s policies to dominate the global shipbuilding and maritime industries. The U.S. Trade Representative’s conclusion that the CCP has worked for decades to dominate these industries globally through aggressive non-market practices should set off alarm bells across the U.S. government and private sector. For too long, these policies have severely harmed U.S. companies and workers while threatening the U.S. economy and our national security generally as China has grown to control over 50 percent of the world’s shipbuilding market in 2023, compared to the U.S.’s 0.2 percent."
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