WASHINGTON: The Trump administration on Friday released its plan to rebuild US shipbuilding and other maritime businesses, paid for in part by port fees on cargo delivered to the United States on ships made in China — levies the US and China agreed to pause for one year.
The Maritime Action Plan offers a road map for the revival of US shipbuilding, which has shrunk since World War Two and now severely lags China and other nations.
Coming in at more than 30 pages, the plan calls for establishing maritime prosperity zones to bolster investment, reforming workforce training and education, expanding the fleet of US-built and US-flagged commercial ships, establishing a dedicated funding stream through a Maritime Security Trust Fund and reducing regulations.
The Trump administration early last year announced plans to levy fees on China-linked ships to loosen the country’s grip on the global maritime industry and help pay for a US shipbuilding renaissance. The so-called Section 301 penalties followed a US probe that concluded China uses unfair policies and practices to dominate global shipping.
The fees, which sparked intense pushback from the global shipping industry and intensified tensions between the world’s two largest economies, hit on October 14 and were expected to generate an estimated $3.2 billion annually from Chinese-built vessels sailing to US ports.
