How China Came to Dominate Global Shipbuilding

Donald Trump says he wants to use big fees on Chinese ships to reboot US shipbuilding. Experts warn the move likely won’t work, and instead would raise prices for consumers and damage the US economy. China will produce more than half of the world’s new ships this year, compared to 5% in 2000, while the US barely makes any at all. So how did China become so dominant, and could the US ever catch up? Or is the proposal intended as just another negotiating tactic in Trump’s global trade war? (Corrects number of large oceangoing ships ordered by the US and China between 2020 and 2022.) Read the full article: https://www.bloomberg.com/news/articl... Get the Supply Lines newsletter for the latest developments in global trade: https://www.bloomberg.com/account/new... #China #Trade #Economy -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptio... Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.