Collapse of U.S. shipbuilding poses national and economic security risks | 60 Minutes
Summary
The U.S. shipbuilding industry is shrinking, with the country building only about three cargo ships a year, while China builds over 1,000 annually. This situation is seen as a threat to both the economy and national security.Key Facts
- China builds more than 1,000 cargo ships each year.
- The U.S. builds about three cargo ships annually.
- The Trump administration considers the decline in U.S. shipbuilding a crisis.
- The crisis affects both economic strength and national security.
- Shipbuilding is important for transporting goods and for military use.
- The U.S. risks falling behind other countries in its ability to build and maintain ships.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.