• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Biden administration concludes China uses unfair practices in global maritime sectors

by January 13, 2025
written by January 13, 2025

Investing.com — The administration of U.S. President Joe Biden has determined that China employs unfair policies and practices to gain dominance in the global maritime, logistics, and shipbuilding sectors, according to three Reuters sources privy to the findings of a trade investigation that lasted several months.

The inquiry, which was initiated in April 2024 by U.S. Trade Representative (USTR) Katherine Tai, came in response to requests from the United Steelworkers and four other U.S. unions. The probe was conducted under Section 301 of the Trade Act of 1974, a legislation that empowers the U.S. to impose penalties on foreign nations that partake in acts deemed “unjustifiable” or “unreasonable,” or that impose burdens on U.S. commerce.

The investigators came to the conclusion that China specifically targeted the shipbuilding and maritime industry for dominance. The Asian country reportedly used financial support, barriers for foreign firms, forced technology transfer, intellectual property theft, and procurement policies to provide its shipbuilding and maritime industry with an advantage, one of the sources revealed.

In addition, Beijing has been accused of significantly and artificially suppressing labor costs in China’s maritime, shipbuilding, and logistics sectors. This information was provided by one of the sources, who was not authorized to speak publicly, and was citing excerpts from the report.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Judge allows release of DOJ report on Trump’s election subversion case
next post
Texas sues Allstate over collection of driver data

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Brazil’s Lula undergoes brain surgery, stable in ICU
    • After-hours movers: Netflix, Intuitive Surgical, and more

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy