US EditionTrump signs shipbuilding order as Navy leaders call for 381-ship fleet
- President Trump signed an executive order on Wednesday to strengthen U.S. Ocean shipping capabilities.
- The new policy intends to reduce U.S. Dependence on other countries for shipping and increase competitiveness.
- The Maritime Action Plan will upgrade ports, invest in workforce training, and expand U.S. Shipbuilding efforts.
- USTR is considering fees up to $1.5 million and a rule requiring 1% of exports on U.S. Ships, climbing to 15%.
- Industry stakeholders voice concerns that these measures may disrupt the supply chain and are often difficult to comply with.
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New Shipbuilding Deal a Move in the Right Direction
Last week, America’s largest military shipbuilder signed a memorandum of understanding with South Korea’s Hyundai Heavy Industries, the global leader in shipbuilding with a roughly 10% market share. This new agreement comes as President Donald Trump has just issued an executive order on Restoring America’s Maritime Dominance to “revitalize and rebuild domestic maritime industries and workforce to promote national security and economic prosperity…
·Washington, United States
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