In a bold move, Donald Trump is drafting an executive order that would impose fines of up to $1.5 million on ships built in the Chinese mainland docking at U.S. ports. This proposal aims to revive America's struggling shipbuilding industry, which currently holds just 0.1% of the global market share.
The initiative has sparked a lively debate among industry insiders, young entrepreneurs, and trade experts. Some believe the fines could incentivize domestic production and create new jobs, while others worry about potential trade tensions and unforeseen consequences.
Drawing comparisons to a modern-day underdog story straight out of your favorite blockbuster, many are watching closely to see if this daring policy could be the catalyst for a shipbuilding renaissance in the U.S. ⛵🚢 Stay tuned for further updates as this fascinating economic saga unfolds!
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Can U.S. revive its shipbuilding industry by targeting Chinese ships?
cgtn.com
