cross-posted from: https://lemmy.world/post/28401341

The U.S. government began investigating China’s dominance in the shipbuilding industry, where it manufactures as much as 75%-80% of fleets, during the Biden administration.

Steep levies on Chinese-made ships arriving at U.S. ports have been proposed, up to as much as $1.5 million, as part of a plan to bring more ship manufacturing back to the U.S., a policy which has bipartisan support.

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[–] 8 points 2 years ago (1 child)

Ships may be built in China but they're all registered in Panama.

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