China Responds to U.S. Port Fees with Retaliatory Measures, Critics Slam Trump’s Trade War
In response to the U.S.’s imposition of fees on Chinese vessels, China will begin charging U.S. ships docking at its ports starting October 14th. The Ministry of Transport stated these fees are a direct countermeasure, mirroring the U.S. policy. China will charge $56 per net ton, matching the U.S. rate, with plans to increase fees over time. While this will likely impact costs for U.S. consumers and potentially decrease export demand, it is unlikely to benefit U.S. shipbuilding due to China’s dominant market share.
John Q. Hosedrinker