White House releases Maritime Action Plan to rebuild US shipbuilding

President Trump on Friday released his long-awaited Maritime Action Plan, a comprehensive strategy aimed at reversing decades of decline in U.S. shipbuilding and restoring the nation's maritime industrial capacity to meet national security and economic objectives. The plan sets out to expand domestic shipbuilding from less than 1% of global commercial ship construction to a level that can support both military logistics and international trade. It proposes hundreds of billions of dollars in new…