>>1989470>it protects the national interests in having a shipping industryThat would be true if the US shipbuilding industry was thriving. Instead it’s in atrophy, yards keep closing, and supply cannot match demand. The US shipbuilding industry only accounts for 0.2% of the global market, despite being the world’s largest economy. At the current rate of retirement of old ships and lack of new replacements, the US will lack a domestic shipping industry, hurting many ports and driving more dependence on foreign trade sales instead of interstate, which is counterintuitive to the national interest.
>sourcehttps://crsreports.congress.gov/product/pdf/IF/IF12534 