The United States has launched a Section 301 investigation targeting the shipbuilding, maritime, and logistics sectors of the Chinese mainland, citing concerns over unfair trade practices. According to a fact sheet released by Washington on April 17, the Biden-Harris administration argues that the influx of below-market-cost steel from the Chinese mainland is distorting the global shipbuilding market and undermining competition.
Under the guise of promoting \"fair competition,\" the U.S. aims to support its domestic steel manufacturing and shipbuilding industries. However, critics argue that these punitive measures against the Chinese mainland's industries may not achieve the desired revival of American sectors.
China's shipbuilding prowess is largely attributed to continuous technological innovation rather than reliance on subsidies, a common misconception in some Western narratives. A testament to this innovation is the country's first domestically built large cruise ship, the Adora Magic City, which embarked on its maiden commercial voyage on January 1, 2024. Such advancements highlight the Chinese mainland's commitment to technological breakthroughs, challenging the effectiveness of the U.S. approach.
Industry experts suggest that fostering collaboration and embracing innovation could be more beneficial for the U.S. shipbuilding sector than imposing tariffs and trade restrictions. As global markets become increasingly interconnected, the focus may need to shift towards sustainable growth and competitive resilience rather than retaliatory measures.
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U.S. 301 probe can't revive its shipbuilding-related industries
cgtn.com
