Shipbuilding "Tariff"
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President Donald Trump's plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters.
Trump's administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with China-made vessels, according to a draft executive order seen by Reuters on Thursday.
The levies could hit virtually every ship calling at U.S. ports, foist up to $30 billion of annual costs on American consumers and double the cost of shipping U.S. exports, according to the World Shipping Council (WSC), which represents the liner shipping industry.
"Policymakers must reconsider these damaging proposals and seek alternative solutions that support American industries," WSC CEO Joe Kramek said.
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In the near term, ship owners could make fewer U.S. port calls to limit fees. A flood of extra cargo could clog up those ports, making it harder to get imports to retailers and manufacturers and exports on ships, executives said.
The Trump plan could also put pressure on companies to redeploy their global ship fleets so that vessels that weren't built in China are refocused on the United States market - something that could cost time and money, they said.
MSC, world's largest container carrier, could skip smaller ports like California's Port of Oakland - an important gateway for exports of fresh beef, dairy products and almonds - to mitigate the impact, Soren Toft, the company's CEO said at TPM.
Such moves could swamp the nation's biggest ports and freeze out the smaller ones, risking a repeat of early pandemic backups that hobbled global trade flows, executives warned.
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President Donald Trump's plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters.
Trump's administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with China-made vessels, according to a draft executive order seen by Reuters on Thursday.
The levies could hit virtually every ship calling at U.S. ports, foist up to $30 billion of annual costs on American consumers and double the cost of shipping U.S. exports, according to the World Shipping Council (WSC), which represents the liner shipping industry.
"Policymakers must reconsider these damaging proposals and seek alternative solutions that support American industries," WSC CEO Joe Kramek said.
and
In the near term, ship owners could make fewer U.S. port calls to limit fees. A flood of extra cargo could clog up those ports, making it harder to get imports to retailers and manufacturers and exports on ships, executives said.
The Trump plan could also put pressure on companies to redeploy their global ship fleets so that vessels that weren't built in China are refocused on the United States market - something that could cost time and money, they said.
MSC, world's largest container carrier, could skip smaller ports like California's Port of Oakland - an important gateway for exports of fresh beef, dairy products and almonds - to mitigate the impact, Soren Toft, the company's CEO said at TPM.
Such moves could swamp the nation's biggest ports and freeze out the smaller ones, risking a repeat of early pandemic backups that hobbled global trade flows, executives warned.
@taiwan_girl said in Shipbuilding "Tariff":
Such moves could swamp the nation's biggest ports and freeze out the smaller ones, risking a repeat of early pandemic backups that hobbled global trade flows, executives warned.
It wouldn’t swamp the big ports. They’re all automated. Right?
Right?
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We have multiple problems...
- We don't have the specialized trades to build and maintain ships like we used to. We've had problems before, but we had more yard space back then. An interesting video on what happens when a major manufacturer ventures into building ships...
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We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
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We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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I posted this elsewhere - but relevant here. We aren't gonna catch up.
Link to video -
I don't think we have any intention of catching up. Shucks, the darn Italians are having to build frigates for us.
I think what we're doing, is trying to have enough skilled workers and enough yard capacity, that we can build enough strategic assets to do what we need to do.
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We have multiple problems...
- We don't have the specialized trades to build and maintain ships like we used to. We've had problems before, but we had more yard space back then. An interesting video on what happens when a major manufacturer ventures into building ships...
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
@Jolly said in Shipbuilding "Tariff":
We have multiple problems...
-
We don't have the specialized trades to build and maintain ships like we used to. …
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
How do you go from these problems to tariff as the answer?
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@Jolly said in Shipbuilding "Tariff":
We have multiple problems...
-
We don't have the specialized trades to build and maintain ships like we used to. …
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
How do you go from these problems to tariff as the answer?
@Axtremus said in Shipbuilding "Tariff":
@Jolly said in Shipbuilding "Tariff":
We have multiple problems...
-
We don't have the specialized trades to build and maintain ships like we used to. …
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
How do you go from these problems to tariff as the answer?
Same reason you might tariff steel or food imports...Strategic goals.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
-
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@Copper said in Shipbuilding "Tariff":
A sure way to have dems hate boats, Mr. Trump likes them.
Well...They kneeled for over eight minutes for George Floyd, but couldn't even stand up and clap for a kid fighting brain cancer, because Trump invited the young man to a SOTU. That speaks volumes about hate.
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@Axtremus said in Shipbuilding "Tariff":
@Jolly said in Shipbuilding "Tariff":
We have multiple problems...
-
We don't have the specialized trades to build and maintain ships like we used to. …
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
How do you go from these problems to tariff as the answer?
Same reason you might tariff steel or food imports...Strategic goals.
@Jolly said in Shipbuilding "Tariff":
@Axtremus said in Shipbuilding "Tariff":
@Jolly said in Shipbuilding "Tariff":
We have multiple problems...
-
We don't have the specialized trades to build and maintain ships like we used to. …
-
We don't have the shipping capacity to engage in effective trade or to use out maritime fleet to transport troops, beans or bullets.
-
We don't have enough ABS, engineers or officers to staff a robust commercial fleet.
How do you go from these problems to tariff as the answer?
Same reason you might tariff steel or food imports...Strategic goals.
A nebulous response at best.
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