Reported 3 days ago
The recent proposal by the US Trade Representative to impose million-dollar levies on Chinese ships docking in the US has sparked fears of a disastrous impact on global trade. With China producing over half of the world's cargo ships, the move could significantly increase shipping costs and disrupt supply chains, especially affecting smaller US ports and industries reliant on them. Critics argue that rather than reviving the US shipbuilding industry, these measures might exacerbate economic challenges, inflating prices and threatening jobs across various sectors.
Source: YAHOO