Published on 13 Mar 2024

Biden eyes Chinese shipbuilding subsidies as tensions simmer

NTU Expert Comment: The Edge (Malaysia) (off Bloomberg), 13 March 2024

US President Joe Biden pledged to look into a petition from a group of unions asking his administration to review China’s subsidies for shipbuilders, as tensions between the world’s two largest economies simmer on trade during a critical American election year. “We will see trade with China as a point of contention right up to the elections,” said Dylan Loh, assistant professor of politics at NTU in Singapore who specialises in China’s international relations. The flurry of actions from the Biden administration shows that “neither he nor Trump can afford to look weak on China”.

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