The US should “fight fire with fire” and impose fees on Chinese-built vessels to fund subsidies for its own shipbuilders, Donald Trump’s new appointment to head America’s maritime regulator has said.
“We need to offset the subsidies that China has given their shipbuilding industry, fight fire with fire,” Louis Sola, who was appointed chair of the Federal Maritime Commission (FMC) in January, told the Financial Times. “Where should that money [from fees on Chinese ships] go to? That money should be invested into American shipping.”
Sola’s comments follow a recommendation by the US Trade Representative (USTR) to impose measures including fees of up to $1.5mn on Chinese-built ships calling at US ports.
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