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#america #China #Worldwar #shipping #seaside
#america #China #Worldwar #shipping #seaside
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00:00Assalam-o-Alaikum, I am Mirza Sobhan Baig with Daily Pakistan.
00:03Ladies and gentlemen, in the past few days, there has been an increase in trade tensions between the US and China.
00:09The US has taken several steps to limit China's growing influence in various sectors,
00:16including tariffs, restrictions and new trade policies.
00:20In the latest press release, the US has focused on restricting China's naval vessels.
00:26This is a suspicion that any irresponsible action on it can prove very expensive not only for the US but for the whole world.
00:35Because a large part of the naval trade is at the mercy of Chinese ships.
00:40The US shipbuilding industry has been very powerful in the past.
00:44But today it has lost its position in the global market.
00:49In 1975, the US had about 180,000 shipbuilding workers.
00:56At present, more than 70 large orders were completed in the US shipyard.
01:00In 2024, the US global market share is less than 1%.
01:06The cost of making a ship in the US is many times higher than that of other countries.
01:11While the production capacity is much less than the global standard.
01:15These facts show that the US shipbuilding industry is no longer capable of competing with powerful economies such as China or South Korea.
01:25On the part of the US, restrictions on Chinese ships can take the balance of the global economy to a new level.
01:32China's key role in international trade and the US's economic wisdom are creating a situation that can cause many economic, geographical and political consequences in the future.
01:46This action will not only affect the trade relations between the two countries, but its effects will be felt all over the world.
01:55China is a major importer of commercial goods in the world.
01:59And its ships play a prominent role in the distribution of international shipping goods.
02:05If the US imposes restrictions on Chinese ships, it will have a negative impact on the global supply chain.
02:13Many industries, which are dependent on Chinese raw materials and ready-made products, will face difficulties.
02:20As a result, problems such as increase in prices and delay in the importation of goods can arise.
02:27The US itself is not a big player in the global shipping industry.
02:32In fact, it depends largely on Chinese and other countries' ships.
02:37The share of the US container fleet in the world fleet is only 1.4%.
02:42While China, Japan and South Korea have a large share of the world fleet.
02:47The US ships are small and very expensive in size, which makes them ineffective in global competition.
02:56The US shipping companies do not have a modern, large and low-cost ship.
03:01If the US imposes restrictions on Chinese shipping companies, it can come under severe economic pressure.
03:10China has the most developed shipbuilding industry in the world.
03:15China's shipbuilding companies produce more than 50% of the world's ships.
03:21China has the world's seven largest ports, which handle 65% of the global shipping load.
03:28China's ships are the most advanced in terms of technology, labor and size.
03:35Because of these factors, China has become a dominant force in the global shipping industry.
03:40The US economy is already facing different challenges.
03:44The US coal exports can stop completely within 60 days.
03:50This will affect the US trade of $130 billion.
03:54US agricultural exports may increase by $930 million annually.
04:01Shipping costs will increase at US ports, which will make the price uncontrollable.
04:07These restrictions will not only be limited to the US or China.
04:10It can also create severe economic pressure on the global market.
04:14China produces the most LNG ships in the world.
04:19If Chinese ships are shut down, the supply of oil can be affected.
04:23This will increase the prices of oil and gas in the global market.
04:28World-renowned food companies rely on the Chinese shipping network.
04:32If shipping costs increase, food will become expensive all over the world.
04:37If China's ships are shut down, the global economy will suffer a loss of billions of dollars.
04:44The US will take a very unrealistic step.
04:52This will violate the principles of the World Trade Organization.
04:55The global trade system is based on the principles of free trade and equal opportunities.
05:01Any such step can create uncertainty in the international market.
05:08It is a fact that China is at the top of the world shipbuilding industry.
05:13World's largest shipping containers, tankers and other ships are manufactured in China.
05:19These restrictions will cause more damage to the US shipbuilding industry.
05:26Because the US does not have the necessary women's and individual strength for competition.
05:34This step will greatly affect the global supply chain, which will have a negative impact on the global economy.
05:41It is necessary for the US to show realism in its policies.
05:45And to reduce the steps that cause damage to the global economy.
05:50That's all for now.
05:51For more interesting videos, stay tuned with Daily Pakistan.