The levies could hit virtually every ship calling at U.S. ports, foist up to $30 billion of annual costs on American consumers and double the cost of shipping U.S. exports,

The president told lawmakers on Tuesday that he plans to establish a new shipbuilding office to bring ship production back to the U.S.

President Donald Trump is preparing measures to try and boost US shipbuilding to counter China’s dominance of the industry, according to a report from the Wall Street Journal.

Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with Ch

President Trump wants to establish a shipbuilding office and introduce new tax incentives to revitalize the shipbuilding sector.