HONG KONG/WASHINGTON -- U.S. President Donald Trump wants to make American shipbuilding great again. But one of the pillars of his plan -- imposing million-dollar fees on vessels made by China each time they dock in the U.S. -- received significant pushback from industry insiders on Monday, warning that ill-designed levies could have devastating consequences for American companies and workers.
Trade war
Fears of Trump port fees on Chinese vessels rock global shipping
Executives warn Washington hearing about high costs, supply chaos, job losses
A shipyard in Shanghai. China is by far the world's biggest commercial shipbuilder -- a fact U.S. President Donald Trump aims to change with million-dollar port fees. © Reuters
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