- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Summary
Trump’s proposed fees on China-built ships at U.S. ports are causing coal stockpiles to grow and disrupting agricultural exports.
The plan aims to boost U.S. shipbuilding by imposing up to $1.5 million in fines, but vessel shortages have stalled shipments of coal, oil, LNG, and farm products.
Coal exports worth $130 billion are at risk, and farmers face up to $930 million in added costs.
Industry groups warn of severe economic impacts, while limited availability of U.S.-built, U.S.-flagged vessels compounds challenges.
One of the problems is many of our shipbuilding ports are shuttered, right, it’s not as much a matter of competition, but they just dont make ships? Putting fines, not to the registered owner, or port of origin but orgin of manufacture for a ship? Seems an absolute nightmare to implement, without alot of use. Where would the money go? Obviously it wouldn’t be used to reopen and run U.S. shipbuilders, so it’s just a money grab for trump to embezzle more money or to piss off more people for no good reason.