U.S. shipbuilders and port operators are getting hit in the fallout from U.S. President Donald Trump¡¯s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders and an uncertain future for billions of dollars¡¯ worth of investments.
The impact represents an unintended consequence of Trump¡¯s policy on the offshore wind industry, which has included stop-work orders and permit reviews for massive projects that were spurred by former U.S. President Joe Biden¡¯s green investment policy.
Trump calls offshore wind an unsightly and inefficient technology that harms whales and birds. But he also says he is a huge supporter of U.S. maritime industries that he views as crucial in the global competition for trade and military dominance of the high seas.
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