Collapse of U.S. shipbuilding poses national and economic security risks | 60 Minutes

The war in Iran is highlighting the importance of ships, not just warships, but cargo vessels like those carrying oil or gas trapped near the straight of Hormuz. But American ship building is in shambles due to decades of short-sighted policies and neglect. Our submarine building program is sluggish and our commercial ship building is nearly extinct. China makes roughly a thousand cargo ships a year. The US maybe three. The Trump administration has called this a national security crisis. But can this ship b ...