Trump wants to revive the lagging US shipbuilding industry. Here are the hurdles he faces

President Donald Trump is turning his attention to the U.S. shipbuilding industry, which is leagues behind its near-peer competitor China, and recently signed an executive order designed to reinvigorate it. Trump's April 10 order instructs agencies to develop a Maritime Action Plan and orders the U.S. trade representative to compile a list of recommendations to address China's "anticompetitive actions within the shipbuilding industry," among other things. Additionally, the executive order instructs a series of assessments regarding how the government could bolster financial support through the Defense Production Act, the Department of Defense Office of Strategic Capital, a new Maritime Security Trust Fund, investment from shipbuilders from allied countries and other grant programs. But simply throwing money at the shipbuilding industry won't solve the problem, according to Bryan Clark, director of the Hudson Institute think tank's Center for Defense Concepts and Technology. "It is unlikely that just putting more money into U.S. shipbuilding – even with foreign technical assistance – will make U.S. commercial shipbuilders competitive with experienced and highly-subsidized shipyards in China, Korea, or Japan," Clark said in a Monday email to Fox News Digital.