Trump's Shipbuilding Revival Threatens Costs
This is a U.S. news story, published by windsorstar, that relates primarily to Steve Salmons news.
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American shipbuildingwindsorstar
•Business
Business & Economics
Windsor Port, maritime industry fear being torpedoed by U.S. tariffs, fees
68% Informative
Windsor Port Authority CEO Steve Salmons says new U.S. shipbuilding plan will drive up costs for shipping companies, port authorities and consumers.
Salmons: 'If the costs in shipping go up, that’s going to be passed along to the consumer’ Trump administration proposal will add a minimum of over 20 per cent to any non-American cargo entering the United States .
American shipyards only built five vessels last year , all of them for the U.S. Navy .
Salmons said the US . essentially has no commercial shipbuilding industry.
“ China , South Korea , Malaysia are highly skilled and efficient ship builders,” he said.