China’s Shipbuilding Dominance Crushed by the U.S., Sales of Chinese Ships Crash
China’s Shipbuilding Dominance Crushed by the U.S., Sales of Chinese Ships Crash
Udumbara
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A document from Washington has proven to be more destructive than any sanctions. On February 21, 2025, the U.S. Trade Representative (USTR) proposed a new fee, charging up to $1.5 million in port fees for Chinese-made ships entering U.S. ports, directly undermining the foundation of China's shipbuilding industry. The market reaction in March was alarming, as Japanese shipyards swept up global bulk carrier orders, while Chinese shipyards received none. The Chinese Communist Party's (CCP) boast of being a "shipbuilding superpower" was swiftly shattered by this move from the U.S.
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