Taiwan and South Korea lines don't fear US levy on Chinese ships
Taiwanese and South Korean liner operators are likely to be those least impacted by the ...
Photo 65404476 © Lisa Banks | Dreamstime.com
US container ports with outstanding orders for Chinese-made ship-to-shore cranes are facing a cumulative additional bill of $131m, due to a recent government decision to apply a 25% tariff on the products.
In a submission to the Office of the US Trade Representative (USTR), the American Association of Port Authorities (AAPA) claimed some 35 cranes were under construction in China that would be delivered to US ports after the tariff implementation date of 1 August.
“Assuming an average of $15m per crane ...
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