Shippers, steelmakers spar over Trump levies for Chinese vessels

Quick Summary:

Supporters believe it will revive the shipbuilding sector and protect jobs.

Agriculture and shipping sectors raise concerns over increased costs and global competitiveness.

Patrick Bloom, executive vice president of steelmaker Cleveland-Cliffs Inc., said his company was poised to double or even triple capacity if called upon, adding “actions of this magnitude” are needed to compete against China.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaArgentinaBrazilChinaOman

Topics: Steel Trump administration proposal China's dominance in shipbuilding Levies on China-linked ships US shipbuilding industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 10:31:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 719 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 27308822

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 8 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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