U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order
U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.
The Order directs the creation of a Maritime Action Plan (MAP) to revitalize U.S. maritime industries, which will provide a strategy with specific actions to restore and create sustained resiliency for the American maritime industry.
Up until now, government procurement processes and over-regulation have hindered private industry’s ability to build vessels on time and on budget, and according to the current administration, this order reverses that trend.
It instructs the Secretary of Defense to assess options, including the Defense Production Act Title III authorities, to invest in and expand the Maritime Industrial Base.
Such an action will help better utilize and leverage existing authorities to spur public and private investment in the Maritime Industrial Base.
The order directs the United States Trade Representative (USTR) to make recommendations regarding China’s anticompetitive actions within the shipbuilding industry.
It also directs the Secretary of Homeland Security to enforce collection of the Harbor Maintenance Fee and other charges on foreign cargo entering the United States to prevent circumvention via Canada or Mexico.
Trump’s
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