Donald Trump, who just made it clear that Europe is already ceasing to be in the circle of his military interests and he intends decide on many European matterssuddenly he wants allies to help him. And he needs this in a great economic war with China, which one regulation is to start.
The USA is going on their own crusade. They also want to force her allies to
Reuters arrived in the project of the new executive regulation, prepared by Donald Trump’s administration, and the purpose of the document, at least in theory, is to be revival of the American shipbuilding industry. However, as Trump has a habit, it is to happen At the expense of the rest of the worldbecause the document assumes imposing fees For mooring in American ports of all ships that either swim under a Chinese flag, or even were only produced in China. The fees would also cover the carriers, using Chinese production ships.
According to Reuters, this movement will hit not only the Chinese, but to all world trade. It is no secret that the lion’s share of ships floating around the world was created in Chinese shipyards.
“This plan can cause significant costs for the main container carriers, including Chinese Cosco, the Swiss MSC, Danish Maersk and Taiwanese Evergreen Marine, as well as for mass -transporting ship operators food, fuel and cars” – writes Reuters.
As if that was not enough, the administration of Donald Trump does not just intend to limit himself to American ports and charges them, but also wants to to force allies to do soincluding Europe. As reported in the draft regulation, America intends to “press on allies to act similarly, otherwise They will expose themselves to retaliation“. It is not known yet what this retaliation would consist of, but after the recent announcements towards Europe, it can be expected that it may be for another duties.
World trade will be in ruins
Although at first glance it may seem that global trade should deal with fees imposed on Chinese ships or produced in China, but the numbers show that it will not be so easy. Today for as long as 50 percent Loadness of global maritime trade Ships just established in Chinese shipyards correspond. For comparison, in 1999 this percentage was only 5 percent.
The regulation does not yet provide the amounts that operators would have to pay for each freight ship, calling for American ports, but some tips can be found in American documents from a month ago. As Reuters reminds, it was then that the United States Trade Representative Office applied to Such a fee was $ 1.5 million from each ship produced in China. And how does the Trump administration argue his plans? Almost identically and earlier threats to Ukraine or Europe.
“National security and economic prosperity of the United States are additionally threatened due to unfair commercial practices of the People’s Republic of China in maritime, logistics and shipbuilding sectors,” says the draft regulation.
