US President Donald Trump readies order to bolster US shipbuilders and punish China - WSJ

FXStreetMar 5, 2025 1:15 AM

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The Wall Street Journal reported early Wednesday that the Trump administration is preparing an executive order to bolster US shipbuilders and cut Chinese dominance of the global maritime industry.

The order includes 18 measures ranging from raising revenue from fees on Chinese-built ships and cranes entering the United States to establishing a new office at the National Security Council to support the domestic maritime sector.

Market reaction

At the time of writing, AUD/USD is holding higher ground near 0.6255, adding 0.09% on the day.

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