(Excerpt from: https://www.wpr.org/news/tammy-baldwin-trump-china-shipbuilding-report-investigation) U.S. Sen. Tammy Baldwin is calling on the Trump administration to take action to curb China’s dominance in the shipbuilding industry, saying a new government report confirms the country’s use of unfair trade practices.
This month, the U.S. Trade Representative released the findings of an investigation into China’s shipbuilding industry. The report found that China’s dominance in shipbuilding displaces foreign firms, decreases opportunity for market-oriented businesses and reduces supply chain resilience.
The trade representative also found that the Chinese government “exerts extraordinary control over the maritime, logistics, and shipbuilding sectors.” That gives their shipbuilding industry a wide range of “non-market advantages” like artificially low costs and a lack of labor labor rights.
Comments