The levies could hit virtually every ship calling at U.S. ports, foist up to $30 billion of annual costs on American consumers and double the cost of shipping U.S. exports,

President Donald Trump wants to increase shipbuilding, which is already a key contributor to the Connecticut economy, through companies such as Electric Boat.

While President Donald Trump made many assurances during his marathon speech to a joint session of Congress Tuesday night, likely no comment caused ears in Tidewater to perk up like his comment about shipbuilding.

Shares of Huntington Ingalls Industries were sailing higher after President Donald Trump announced plans for the shipbuilding industry in his address to a joint session of Congress on Tuesday night. Shares of shipbuilder Huntington gained 11% to $190.

New White House initiative aims to revive American shipbuilding, potentially benefiting Alabama's port city and Austal USA.

Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with Ch

President Trump wants to establish a shipbuilding office and introduce new tax incentives to revitalize the shipbuilding sector.