Notice of Determination Pursuant to Section 301: China's Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance
USTR noticeInvestigation openedFederal Register 25/01/23Open the original
Summary
USTR determines that China's targeting of the maritime, logistics and shipbuilding sectors for dominance is actionable under section 301. The investigation began on April 17, 2024, after a petition by five labor unions filed on March 12, 2024.
By industry
- Shipbuilding & MASGA1 trading day−0.7%p15 stocks5 trading days−5.5%p15 stocks20 trading days−10.0%p15 stocks
“China's targeting of the maritime, logistics, and shipbuilding sectors for dominance is actionable under section 301”
Day by day after the announcement
| Day | Shipbuilding & MASGA stocks | S&P 500 |
|---|---|---|
| 25/01/22 | 0.0% | 0.0% |
| 25/01/23 | −0.3% | +0.5% |
| 25/01/24 | −1.1% | +0.2% |
| 25/01/27 | −3.4% | −1.1% |
| 25/01/28 | −5.1% | −0.4% |
| 25/01/29 | −6.2% | −0.6% |
| 25/01/30 | −4.4% | −0.1% |
| 25/01/31 | −4.8% | −0.8% |
| 25/02/03 | −5.5% | −0.9% |
| 25/02/04 | −5.8% | −0.9% |
| 25/02/05 | −5.6% | −0.3% |
| 25/02/06 | −5.6% | −0.2% |
| 25/02/07 | −5.6% | −0.9% |
| 25/02/10 | −5.0% | −0.3% |
| 25/02/11 | −5.4% | −0.2% |
| 25/02/12 | −7.4% | −0.4% |
| 25/02/13 | −8.0% | +0.5% |
| 25/02/14 | −9.5% | +0.6% |
| 25/02/18 | −8.4% | +0.8% |
| 25/02/19 | −8.7% | +0.9% |
| 25/02/20 | −9.4% | +0.6% |
Korean stocks in these industries
- Hanwha Ocean 042660
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Lynn M. Bamford
BuyCurtiss Wright
BuyCurtiss Wright
CW
$10.3K
34 sh
$10.3K
Filed 25/01/06
Traded 25/01/06
- K. Christopher Farkas
BuyCurtiss Wright
BuyCurtiss Wright
CW
$9,124
30 sh
$9,124
Filed 25/01/06
Traded 25/01/06
- Kevin Rayment
BuyCurtiss Wright
BuyCurtiss Wright
CW
$15.8K
52 sh
$15.8K
Filed 25/01/06
Traded 25/01/06
- Thomas C. Schievelbein
BuyHuntington Ingalls Industries
BuyHuntington Ingalls Industries
HII
$349.4K
2,120 sh
$349.4K
Filed 25/02/14
Traded 25/02/13
- Paul J. Ferdenzi
BuyCurtiss Wright
BuyCurtiss Wright
CW
$10.3K
34 sh
$10.3K
Filed 25/01/06
Traded 25/01/06
- George P. McDonald
BuyCurtiss Wright
BuyCurtiss Wright
CW
$9,124
30 sh
$9,124
Filed 25/01/06
Traded 25/01/06
- John C. Watts
BuyCurtiss Wright
BuyCurtiss Wright
CW
$5,778
19 sh
$5,778
Filed 25/01/06
Traded 25/01/06
- Robert F. Freda
BuyCurtiss Wright
BuyCurtiss Wright
CW
$8,211
27 sh
$8,211
Filed 25/01/06
Traded 25/01/06
- Gregory Hayes
SellRTX
SellRTX
RTX
$7.3M
58,368 sh
$7.3M
Filed 25/02/19
Traded 25/02/19
- Gregory Hayes
SellRTX
SellRTX
RTX
$5.4M
43,300 sh
$5.4M
Filed 25/02/19
Traded 25/02/19
- Tim Walberg
BuyLockheed Martin
BuyLockheed Martin
LMT
$1K–$15K
Joint
$1K–$15K
Reported 06/03
Traded 25/02/07
- Tim Walberg
BuyL3HARRIS Technologies
BuyL3HARRIS Technologies
LHX
$15K–$50K
Joint
$15K–$50K
Reported 06/03
Traded 25/02/07
- Lynn M. Bamford
SellCurtiss Wright
SellCurtiss Wright
CW
$2.9M
8,289 sh
$2.9M
Filed 25/02/05
Traded 25/02/05
- Shane G. Eddy
SellRTX
SellRTX
RTX
$2M
15,700 sh
$2M
Filed 25/02/19
Traded 25/02/18
- Dantaya M. Williams
SellRTX
SellRTX
RTX
$1.8M
14,031 sh
$1.8M
Filed 25/02/06
Traded 25/02/05
- K. Christopher Farkas
SellCurtiss Wright
SellCurtiss Wright
CW
$851.2K
2,453 sh
$851.2K
Filed 25/02/05
Traded 25/02/05
- Kevin G. DaSilva
SellRTX
SellRTX
RTX
$666.7K
5,368 sh
$666.7K
Filed 25/02/19
Traded 25/02/18
- Kevin G. DaSilva
SellRTX
SellRTX
RTX
$630.1K
5,000 sh
$630.1K
Filed 25/02/19
Traded 25/02/19
- William Lynn III
Sell10b5-1 planLeonardo DRS
Sell10b5-1 planLeonardo DRS
DRS
$1.6M
45,000 sh
$1.6M
Filed 25/02/03
Traded 25/01/31
- Kevin Rayment
SellCurtiss Wright
SellCurtiss Wright
CW
$924.2K
2,664 sh
$924.2K
Filed 25/02/05
Traded 25/02/05