By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Reading: US lawmakers back trade action on China’s shipbuilding tactics – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > World > US lawmakers back trade action on China’s shipbuilding tactics – World News Network
World

US lawmakers back trade action on China’s shipbuilding tactics – World News Network

worldnewsnetwork
Last updated: April 22, 2025 12:00 am
worldnewsnetwork
Share
3 Min Read
SHARE

Washington DC [US], April 22 (ANI): The Select Committee on China expressed its approval of the US Trade Representative’s conclusions from the Section 301 investigation regarding China’s excess shipbuilding capacity.
In a unified statement, Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi conveyed their optimism about the USTR’s choice to finally address Beijing’s extensive use of subsidies and state-run companies to gain control over global shipbuilding and maritime logistics, as per a release from SCCCP.
“We are encouraged by USTR’s decision to take meaningful action to counter China’s unfair and aggressive push to dominate global shipbuilding and maritime logistics. This is the same playbook we’ve seen in semiconductors and solar, massive subsidies, anti-competitive tactics, and an effort to edge out American workers and businesses,” as quoted by SCCCP release.
“The US builds just a fraction of the world’s ships, while China leverages its commercial shipbuilding advantage to expand its lead as the world’s largest navy. These targeted measures by USTR, alongside the administration’s executive order, are an impactful and necessary step toward protecting our national security, revitalising America’s maritime strength, and strengthening our supply chains”, the SCCCP release stated.
Recently, JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan received a letter from John Moolenaar, chairman of the United States House Select Committee on the Chinese Communist Party (SCCCP), urging the banks to withdraw their involvement in the upcoming Hong Kong IPO of Contemporary Amperex Technology Co, Limited (CATL).
The Department of Defense has identified CATL as a “Chinese military company” under Section 1260H of the National Defense Authorisation Act, according to a report from the SCCCP. The letters indicate growing concerns that the participation of JPMorgan and Bank of America in the CATL IPO is directly contributing to the Chinese Communist Party’s ongoing human rights abuses and military expansion.
The SCCCP specifically noted CATL’s role in enhancing China’s submarine fleet with advanced lithium-ion batteries and its ties to the Xinjiang Production and Construction Corps (XPCC), a sanctioned paramilitary organisation linked to the persecution of Uyghur Muslims. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Israeli PM Benjamin Netanyahu condemns killing of Israeli diplomats, thanks US for standing with Israel – World News Network

“Breaks my heart knowing that two young lives are gone”: American civil society mourns death of Israeli diplomats – World News Network

UAE: All-party delegation resounds India’s action against terrorism – World News Network

Pakistan poses threat not only to India but to the whole world: All party delegation member Rajeev Rai – World News Network

“UAE understands pain of India”: Shrikant Shinde highlights India’s resolve against terrorism – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Gujarat: Union Minster Jayant Chaudhary launches Centre of Excellence for skill development – World News Network
Next Article RSS condemns “heinous” terror attack on Pahalgam, calls it “attack on unity, integrity” of nation – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

DRG jawans celebrate success of operation which neutralised 27 naxals, including top commander Basavaraju – World News Network
National May 23, 2025
Hyderabad police arrests accused in brutal murder case – World News Network
National May 23, 2025
Massive fire breaks out at tyre shops in Uttar Pradesh’s Hardoi – World News Network
National May 23, 2025
“Not a clean chit to DMK”: AIADMK leader Kovai Sathyan after SC stays probe on TASMAC – World News Network
National May 23, 2025

Sports

William ORourke, Akash Singh shine as LSG posts commanding victory over GT by 33 runs – World News Network
Sports
“We have shown as a team that we can play good cricket”: LSG skipper Rishabh Pant on their victory over GT – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

Woman arrested for attempting to trespass at Salman Khan’s Mumbai home – World News Network
Entertainment
‘Doctor Who’, ‘No Hiding Place’ actor Michael McStay passes away – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?