The shipbuilding industry in the U.S. is in extremely horrible shape

Colin Grabow, Associate Director at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, says in an article, "In a year dominated by sharp partisanship, numerous lawmakers improbably united around the revival of America’s commercial shipbuilding industry. Congressional legislation that would channel billions into shipyard subsidies and new trade restrictions attracted scores of cosponsors. The White House issued an executive order aimed at maritime revitalization, and a trade pact with South Korea includes a pledge to invest $150 billion in U.S. shipyards." Colin joins Newell to further explain his statements.