{"id":121970,"date":"2026-02-23T05:00:43","date_gmt":"2026-02-23T10:00:43","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/china-dominates-with-5500-ships-while-america-has-under-100-but-trumps-fighting-back-121970"},"modified":"2026-02-23T05:00:43","modified_gmt":"2026-02-23T10:00:43","slug":"china-dominates-with-5500-ships-while-america-has-under-100-but-trumps-fighting-back","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/china-dominates-with-5500-ships-while-america-has-under-100-but-trumps-fighting-back-121970","title":{"rendered":"China dominates with 5,500 ships while America has under 100 \u2014 but Trump\u2019s fighting back"},"content":{"rendered":"
\n

China dominates<\/a> the world\u2019s sea lanes.<\/p>\n

In addition to its powerful navy, China possesses the world\u2019s largest commercial shipping fleet \u2014 5,500 vessels strong, with hundreds more added per year. By contrast, America\u2019s fleet currently numbers under 100 with, at most, five ships added per year.<\/p>\n

Today only a fraction of the tankers and cargo ships carrying goods to and from our country fly the American flag \u2014 by some estimates less than 0.4%.<\/p>\n

The diminished state of American commercial shipbuilding is a pending economic and national security<\/a> disaster.<\/p>\n

HELP WANTED: US MUST FILL LOTS OF SHIPS-AND-CHIPS JOBS TO BEAT CHINA<\/strong><\/a><\/p>\n

Fortunately, President Donald Trump<\/a> understands the urgency of this situation and has prioritized an American shipbuilding revival. On Feb. 13, his administration released a comprehensive\u00a0Maritime Action Plan\u00a0to help restore America\u2019s maritime dominance.<\/p>\n

According to the plan, “Less than one percent of new commercial ships are built in the United States. With only 66 total shipyards \u2026 the United States does not have the capacity necessary to scale up the domestic shipbuilding industry to the rate required to meet national priorities\u2026. A self-sustaining domestic shipbuilding sector is critical for national and economic security.”<\/p>\n

The plan offers specific recommendations to strengthen America\u2019s maritime capacity, secure our supply chains, and build a resilient maritime workforce. In total, the White House\u2019s Maritime Action plan is a much-needed, holistic approach to\u00a0restore\u00a0U.S. commercial shipping, and I commend Trump and his team for issuing it.<\/p>\n

US COULD BURN THROUGH KEY MISSILES IN ‘A WEEK’ IF WAR WITH CHINA ERUPTS, TOP SECURITY EXPERT WARNS<\/strong><\/a><\/p>\n

As the plan recognizes, however, Congress must be part of the solution. The strategy proposes tax incentives, creative funding mechanisms and new programs that all require congressional authorization and resourcing. That\u2019s why my colleagues and I are working to pass the\u00a0“SHIPS for America Ac.” This bipartisan legislation, which I helped introduce last year, substantially overlaps with the president\u2019s vision and is explicitly called out in the plan.\u00a0<\/p>\n

The legislation would make US-flagged vessels commercially competitive in international commerce by cutting red tape, rebuilding the shipyard industrial base and expanding and strengthening mariner and shipyard worker recruitment. Our proposal would train a pipeline of new workers, encourage domestic and foreign investment in maritime infrastructure, and provide the permitting reform and deregulation that is essential for timely construction of new shipyards.<\/p>\n

Underlying all of the bill\u2019s initiatives is a trust fund to support an expansion of the U.S.-flagged fleet to 250 vessels by 2035. And the SHIPS Act<\/a> would create multiple investment tax credits to build up the U.S. shipyard industry for both military and commercial oceangoing vessels.<\/p>\n

Key to spurring private-sector investment<\/a> in the industry is the designation of Maritime Prosperity Zones. These areas \u2014 modeled off the successful Opportunity Zones contained in President Trump\u2019s 2017 tax cut \u2014 would supercharge investment in communities that will be most important to rebuilding our maritime industrial base.<\/p>\n

CLICK HERE FOR MORE FOX NEWS OPINION<\/strong><\/a><\/p>\n

From the coastlands to the heartland, these places on our oceans, rivers and Great Lakes will be the hubs for building up our production facilities and supply chains<\/a> that will power America\u2019s maritime dominance over the next several decades.<\/p>\n

The SHIPS Act is Congress\u2019s answer to President Trump\u2019s call to restore America\u2019s maritime dominance. It provides the legal authorities and resources\u00a0necessary\u00a0to make President Trump\u2019s Maritime Action Plan a reality. It has support from Republicans and Democrats in both the House and the Senate.<\/p>\n

The release of the White House Maritime Action Plan should serve as a wake-up call for Congress to act quickly and pass our bill<\/a>. Reviving American shipbuilding will take time, but as President Trump recognizes, doing so is critical to our economic and national security.<\/p>\n

It\u2019s time to make American ships again.<\/p>\n

CLICK HERE TO READ MORE FROM SEN. TODD YOUNG<\/u><\/strong><\/a><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/opinion\/china-dominates-5500-ships-while-america-has-under-100-trumps-fighting-back <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China dominates the world\u2019s sea lanes. 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