Trump unveils maritime action plan as China dominates global shipbuilding
Fox News
Trump administration unveils maritime action plan to reduce U.S. reliance on foreign ships, as officials warn 99% of trade moves on foreign-built vessels.
"Roughly 50% of our trade moves through the maritime domain, and 99% of that moves on foreign-built, foreign-owned and foreign-flagged ships," one senior administration official said during a call with reporters. "That’s the market we’re trying to tap."
The initiative, ordered by President Donald Trump in an April executive order, lays out what officials describe as the first comprehensive federal effort in decades to rebuild the nation’s commercial shipbuilding industry, expand the U.S.-flagged fleet and strengthen maritime supply chains.
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Trump administration unveils maritime action plan to reduce U.S. reliance on foreign ships, as officials warn 99% of trade moves on foreign-built vessels.
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