China is leveraging unfair trade practices to dominate the global ocean shipping and shipbuilding markets, a U.S. investigation has found.
The investigation under Section 301 of the Trade Act of unfair practices determined that China for decades has taken aim at specific industries by undercutting competition in order to command dominant market share.
The results of the probe initiated in April 2024 were summarized in a report by the office of the United States trade representative (USTR).
“For...