President Donald Trump signed an executive order to enhance the U.S. position in ocean shipping, aiming to boost competitiveness and reduce dependence on foreign nations like China. The order mandates the creation of a “Maritime Action Plan” to improve port infrastructure, invest in workforce training, and increase shipbuilding in the U.S. Currently, the U.S. produces less than 1% of global commercial ships, while China dominates with over 50%. Concerns arise over proposed fees on China-built vessels and the feasibility of requiring a significant percentage of U.S. exports to be transported on U.S.-built ships.

Source: https://www.supplychaindive.com/news/trump-executive-order-ocean-shipping-restoring-maritime-dominance/745103/