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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[–] 13 points 2 years ago

Yes, I imagine there will be a rush to spend a trillion or two setting up infrastructure in a country that can't keep it's trade policy consistent for 45 minutes in a row.

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