Trump administration readies order to bolster US shipbuilders and punish China – via WSJ

The Wall Street Journal (gated) report that the Trump administration is preparing an order to bolster US shipbuilders and punish China.

• order includes 18 measures ranging from raising revenue from fees on Chinese-built ships and cranes entering the U.S., to establishing a new office at the National Security Council to strengthen the domestic maritime sector.
• The measures also include raising wages for nuclear-shipyard workers

The US is lagging far behind China in ship building. Scrambling to catch up.

This article was written by Eamonn Sheridan at www.forexlive.com.