Trump announces new White House shipbuilding office, tax incentives for industry

By Nick Wilson / March 5, 2025 at 10:59 AM
The Trump administration is creating a new “office of shipbuilding” within the White House, President Trump announced last night during his address to Congress, saying the office will offer unspecified tax incentives intended to revitalize the United States shipbuilding industry. “To boost our defense industrial base, we are also going to resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding,” he said. “And for that purpose, I am announcing tonight that we will create a new office of...

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