UK competition watchdog issues objections to GXO's $1bn Wincanton buy
GXO’s tabled £960m ($1.2bn) takeover of UK contract logistics operator Wincanton was thrown into doubt ...
Following its investigation into what it concluded was unfair Chinese state support of maritime supply chains, US trade representative (USTR) Jamieson Greer has proposed fees for China-built ships calling at US ports.
At their most extreme, the new fees could amount to $1.5m per ship call for any containerships built in Chinese shipyards, irrespective of the flag the vessel is sailing under or the nationality of its operator.
Last April, under the Biden administration, then USTR Katherine Tsai launched an investigation into ...
Comment on this article
Bill Chua
February 25, 2025 at 6:15 amSurcharges in a perfect world where the mighty rules work. Unfortunately we all live in a dysfunctional earth. So, we expect the exporting countries to slavishly comply. Great thinking.
Dwight Campbell
February 26, 2025 at 11:23 pmI agree with the Chinese.
The US subsidizes everything they can, and when they no longer can, they come back and say they were taken advantage of….