U.S. Finds China Uses ‘Unfair’ Means To Dominate Global Shipbuilding Sector
A recent investigation by the United States has found that China unfairly controls the global shipbuilding, maritime, and logistics industries. The investigation was conducted by the Biden administration, following a request from U.S. unions. The probe began in April 2024.
The U.S. Trade Representative (USTR), Katherine Tai, started the investigation under the Trade Act of 1974.
This law allows the U.S. to impose penalties on other countries that engage in unfair trade practices. The unions that asked for the probe believe China’s policies are harming U.S. industries.
The investigation revealed that China is using unfair practices to dominate the shipbuilding sector.
These include giving financial support to its shipbuilders, blocking foreign transfers, stealing intellectual property, and using policies that give China’s industry an unfair advantage.
One source said that China also keeps labour costs low in these indus…
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