President Donald Trump vowed earlier this month to ramp up American shipbuilding, not only for our own military readiness and naval superiority, but also to combat the growing threat of China in shipping worldwide.
Threat might be an understatement, because China has become dominant in global shipbuilding, experts told The Washington Post.
“Revitalizing domestic shipbuilding is not only possible, but also a priority,” Michael Wessel, a consultant with ties to the United Steelworkers union, told the Post. “The principal contributing factor to reduced capacity has been China’s nonmarket pricing of ships. Order books have dried up.
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