Industry Overview - Chinese shipyards have rapidly grown to become major players in global shipbuilding, leading to a significant portion of America's cargo being carried by Chinese ships [1] - The US aims to counter China's dominance in shipbuilding due to concerns about naval warfare logistics, particularly in potential conflicts like one over Taiwan [2][3] US Response - The US government is considering imposing fees on Chinese ships docking in the US to incentivize cargo ship companies to diversify their suppliers [3] - Congress is contemplating a bill to subsidize American shipyards to revitalize the domestic shipbuilding industry [4] Challenges and Implications - Rebuilding the American commercial shipbuilding industry will be a lengthy process, potentially taking years [4] - American taxpayers would bear the financial burden of subsidizing the shipbuilding initiative [4]