Notice of Action and Proposed Action in Section 301 Investigation of China's Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance, Request for Comments
USTR noticeInvestigation openedFederal Register 25/04/23Open the original
Summary
USTR announces action and proposed action in its Section 301 investigation of China’s targeting of the maritime, logistics, and shipbuilding sectors. The notice proposes service fees, transport restrictions for U.S. LNG, and additional tariffs on certain cargo-handling equipment, and sets comment and hearing procedures.
By industry
- Shipbuilding & MASGA1 trading day+1.3%p15 stocks5 trading days+2.6%p15 stocks20 trading days+3.6%p15 stocks
“Section 301 Investigation of China's Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance”
- Energy & LNG1 trading day+1.9%p15 stocks5 trading days+1.6%p15 stocks20 trading days−2.2%p15 stocks
“restrictions on certain maritime transport services for U.S. Liquified Natural Gas (LNG)”
- Tariffs & Reshoring1 trading day+3.0%p15 stocks5 trading days+3.7%p15 stocks20 trading days+3.7%p15 stocks
“proposing additional tariffs on certain ship-to-shore cranes”
Day by day after the announcement
| Day | Shipbuilding & MASGA stocks | S&P 500 |
|---|---|---|
| 25/04/22 | 0.0% | 0.0% |
| 25/04/23 | +1.3% | +0.1% |
| 25/04/24 | +3.6% | +2.3% |
| 25/04/25 | +4.3% | +2.7% |
| 25/04/28 | +4.8% | +2.5% |
| 25/04/29 | +5.6% | +3.0% |
| 25/04/30 | +5.4% | +4.0% |
| 25/05/01 | +7.1% | +3.9% |
| 25/05/02 | +9.1% | +5.6% |
| 25/05/05 | +8.3% | +5.0% |
| 25/05/06 | +6.8% | +5.0% |
| 25/05/07 | +6.7% | +4.6% |
| 25/05/08 | +8.5% | +5.2% |
| 25/05/09 | +8.5% | +5.2% |
| 25/05/12 | +11.2% | +8.7% |
| 25/05/13 | +11.4% | +9.3% |
| 25/05/14 | +10.8% | +9.4% |
| 25/05/15 | +12.3% | +10.0% |
| 25/05/16 | +13.2% | +9.7% |
| 25/05/19 | +14.2% | +10.8% |
| 25/05/20 | +14.1% | +10.4% |
Korean stocks in these industries
- Hanwha Ocean 042660
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Peter R. Matt
BuyCommercial Metals
BuyCommercial Metals
CMC
$294.6K
6,100 sh
$294.6K
Filed 25/03/31
Traded 25/03/27
- J. Palmer Clarkson
BuyCNX Resources
BuyCNX Resources
CNX
$312K
10,000 sh
$312K
Filed 25/05/13
Traded 25/05/12
- Bradley D. Tilden
BuyMatson
BuyMatson
MATX
$257.4K
2,273 sh
$257.4K
Filed 25/05/12
Traded 25/05/12
- James A. Winnefeld Jr.
BuyRTX
BuyRTX
RTX
$23.6K
200 sh
$23.6K
Filed 25/04/23
Traded 25/04/23
- Jeffrey A. Jewell
BuyDT Midstream
BuyDT Midstream
DTM
$6,510
65 sh
$6,510
Filed 25/05/09
Traded 25/05/09
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$100K
2,475 sh
$100K
Filed 25/04/07
Traded 25/04/04
- Bradley D. Tilden
BuyMatson
BuyMatson
MATX
$43K
376 sh
$43K
Filed 25/05/12
Traded 25/05/12
- Leon J. Topalian
SellNucor
SellNucor
NUE
$2.9M
23,935 sh
$2.9M
Filed 25/05/05
Traded 25/05/01
- W. Howard Keenan Jr.
SellAntero Resources
SellAntero Resources
AR
$23.7M
583,189 sh
$23.7M
Filed 25/05/15
Traded 25/05/13
- W. Howard Keenan Jr.
SellAntero Resources
SellAntero Resources
AR
$19.7M
478,798 sh
$19.7M
Filed 25/05/15
Traded 25/05/13
- Dennis Degner
SellRange Resources
SellRange Resources
RRC
$1.4M
35,850 sh
$1.4M
Filed 25/05/15
Traded 25/05/14
- Leon J. Topalian
SellNucor
SellNucor
NUE
$1.2M
9,769 sh
$1.2M
Filed 25/05/05
Traded 25/05/01
- Jeremy Knop
SellEQT
SellEQT
EQT
$368K
7,216 sh
$368K
Filed 25/04/30
Traded 25/04/28
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$3.4M
45,359 sh
$3.4M
Filed 25/05/22
Traded 25/05/20
- Amy L. Johnson
SellRTX
SellRTX
RTX
$320.8K
2,515 sh
$320.8K
Filed 25/05/08
Traded 25/05/06
- John Boozman
Partial saleGeneral Dynamics
Partial saleGeneral Dynamics
GD
$1K–$15K
Joint
$1K–$15K
Reported 25/06/14
Traded 25/05/20
- Amy L. Johnson
SellRTX
SellRTX
RTX
$207.9K
1,631 sh
$207.9K
Filed 25/05/08
Traded 25/05/06
- William Lynn III
Sell10b5-1 planLeonardo DRS
Sell10b5-1 planLeonardo DRS
DRS
$1.8M
45,000 sh
$1.8M
Filed 25/05/16
Traded 25/05/15
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.8M
26,416 sh
$1.8M
Filed 25/05/08
Traded 25/05/06
- K. Christopher Farkas
Sell10b5-1 planCurtiss Wright
Sell10b5-1 planCurtiss Wright
CW
$1.7M
4,780 sh
$1.7M
Filed 25/05/01
Traded 25/05/01