Trump's Plan To Make US Shipbuilding Great Again
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Trump's Plan To Make US Shipbuilding Great Again
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The decline in US shipbuilding and China's global dominance has Washington worried. Last year, the US built just seven commercial vessels, compared to more than 1,000 for China. This has also become a national security issue, with US shipyards struggling to meet the demands of the navy, facing production delays of up to 36 months. In response, President Donald Trump has proposed levying fees on Chinese built ships entering US ports.
These measures likely won't be enough to revive the industry, so what else can the government do? What role can defense allies South Korea and Japan play? And how will these levies impact shipping companies and global trade? Adam Farrar, senior geo-economics analyst at Bloomberg Economics and Kenneth Loh, shipping and logistics analyst for Bloomberg Intelligence, join John Lee and Katia Dmitrieva on the Asia Centric podcast.
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