A looming port and trade catastrophe
During the pandemic, Americans learned how painful supply chain disruptions can be. Now, a newly proposed action from the Trump administration could unintentionally make the pandemic’s supply chain disruptions seem tame. President Trump is looking to rapidly rebuild American shipbuilding. That’s an important goal since the erosion of U.S. shipbuilding—and China’s growing dominance in global shipbuilding—must be confronted. But the administration’s proposed plan could send costs soaring for U.S. consumers, grind U.S. exports to a halt, wreak havoc at U.S. ports, and ...