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- cross-posted to:
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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.
This is so stupid. The length of time alone to build ships here would take years, possibly decades to see any real effect. That’s not even taking into account how few shipyards could make the size ships needed anyway.