Beijing Rejects U.S. Shipbuilding Inquiry

China's Ministry of Commerce has dismissed a U.S. investigation into China's shipbuilding, maritime, and logistics sectors, characterizing it as "unilateralism and protectionism."

The U.S. Trade Representative (USTR) has stated that China's targeted dominance in global shipbuilding, maritime, and logistics sectors is "unreasonable" and "actionable" under U.S. trade laws.

The USTR investigation findings do not contain a specific penalty recommendation against Beijing, with next steps deferred to President Donald Trump, who takes office on January 20.

The USTR report states that China's pursuit of dominance in the maritime, logistics, and shipbuilding sectors is unreasonable and restricts or limits U.S. trade, making it actionable.

Initiated in April 2024 at the request of President Joe Biden, the investigation was launched following calls from numerous American unions.

The report includes various allegations against China, including artificially suppressed labor costs, forced technology transfer, and intellectual property theft.

The unions requesting the investigation are seeking the imposition of tariffs on Chinese-built ships or higher port fees.

According to a recent report by Greek broker Intermodal, China has increased its share of global shipbuilding orders from less than 10 percent in 2000 to approximately 65 percent today, thanks to government support and public investment in the national shipbuilding ecosystem.

Over the same period, Japan and South Korea's combined order book share has fallen from 78 percent to 31 percent.

President-elect Donald Trump is pursuing cooperation with Korean and Japanese shipyards to ensure the availability of non-China shipyard alternatives in the coming years.

Key Takeaways:

• China characterizes the U.S. investigation into the shipbuilding sector as "unilateralism and protectionism."

• The USTR states that China's dominance targets in the maritime sector are "unreasonable" and "actionable."

• The investigation was launched in April 2024 at the request of President Joe Biden and following calls from American unions.

• The report includes allegations against China of artificially suppressed labor costs and forced technology transfer.

• China has increased its share of global shipbuilding orders from less than 10 percent to 65 percent.

• President-elect Donald Trump is seeking cooperation with Korean and Japanese shipyards as non-China alternatives.

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News Link: https://splash247.com/beijing-dismisses-us-shipbuilding-probe/

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