U.S. President Donald Trump has signed an executive order to impose million-dollar fees on Chinese vessels docking at U.S. ports. Trump said this action was necessary to protect the U.S. shipbuilding industry, which has declined to less than 1% of the global market.
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00:00U.S. President Donald Trump has signed an executive order aimed at reviving domestic
00:04shipbuilding and countering China's dominance in the sector. The order directs U.S. ports to begin
00:11charging a million U.S. dollars or more in docking fees to Chinese-built or Chinese-flagged vessels.
00:18The proposal has been criticized by U.S. importers and trade groups who warn the new fees could cause
00:24supply chain disruptions, inflation and job losses. A recent report by the Center for
00:30Strategic and International Studies found that more than half of the world's ships are now built
00:35in China. Only one-tenth of one percent are built in the United States.