U.S. Attempts To Curb China's Dominance In Shipping, But Actions Could Backfire
2025-02-24 11:25:00 ET
Summary
- Unlike previous US trade memoranda, the proposed action to tackle China’s dominance in maritime, logistics, and shipbuilding is different.
- It could lift port call fees or cause inefficiencies in supply lines, affecting US importers, exporters, and consumers.
- With the Trump administration's proposed actions, the America First policies extend well beyond trade, including investment, technology, and foreign and domestic companies relying on Chinese-operated companies.
By Inga Fechner , Rico Luman , & Lynn Song
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