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Stock impact report

Trump is targeting China-made containerships in new flank of global economic war on the oceans [CNBC]

Matson, Inc. (MATX) 
Last matson, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.matson.com/investor-relations
Company Research Source: CNBC
President Trump has proposed steep levies on Chinese-made ships arriving at U.S. ports, up to as much as $1.5 million, as part of a plan to bring more ship manufacturing back to the U.S. The CEO of the world's largest ocean carrier, MSC, told CNBC the fines would have “very, very significant” consequences for how the maritime industry serves the U.S., reaching up to $20 billion annually. A U.S. government pushback against China's growing dominance in the shipbuilding industry that began under President Biden is being escalated by the Trump administration, with the world's largest ocean freight companies facing the threat of fines of up to $1.5 million for Chinese-made ships that call on U.S. ports. In recent years, China's presence in the shipbuilding sector has rapidly grown, with China overtaking former leader South Korea in all vessel building sectors, with the exception of LNG vessels. In 2024, Chinese-built container vessels held 81% market share, according to Veson Nautic Show less Read more
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