RTR: Trump recommends 50% tariff on the European Union
REUTERS reports: President Donald Trump said on Friday that he is recommending a straight 50% tariff ...
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US exporters are facing a doubling of costs should the Trump administration proceed with plans to impose a $1.5m fee per port entry by Chinese built vessels.
After an investigation concluded China’s maritime supply chain received unfair state support, US trade representative (USTR) Jamieson Greer proposed the fees for China-built ships calling at US ports, irrespective of the flag they sail under or operator’s nationality.
World Shipping Council CEO Joe Kramek warned: “The USTR’s proposed port ...
Comment on this article
Joshua Kim
March 10, 2025 at 12:18 amThe reaction of shipping lines to the USTR’s announcement that it will begin charging port call fees at US ports for vessels built by Chinese shipyards that rely on government support appears to have been somewhat exaggerated. Opinions will need to be formed with concrete data on what percentage of ships actually entering the US were built in China. The current vague and unspecified figures are simply a threat to stir up the US import and export industry to neutralise the USTR’s intentions. Of course, the public hearing should be followed by a discussion based on specific data.