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In bid to save shipyards, US set to charge fees on Chinese ships
The US aims to revive its shipbuilding industry, currently just 0.1% of global output, by charging fees on Chinese ships; China is imposing similar fees on US vessels.
- The US will charge fees on Chinese ships docking at US ports to address China's dominance of the global shipping sector and incentivize US shipbuilding.
- China will impose reciprocal fees on US ships visiting Chinese ports starting the same day.
- The fees are part of an escalating trade dispute between the world's two largest economies, heightening fears of global economic disruption.
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US Tweaks Foreign-Built Ships Fees, Raises Tariffs on Chinese Equipment
The United States Trade Representative's office said on Friday it would modify certain maritime-related fees for foreign-built vehicle carriers and liquefied natural gas vessels ahead of port fees on China-linked ships slated to go into effect…
Any ship manufactured in China or another country but owned or operated by a Chinese entity will, from Tuesday, have to pay specific fees to dock in the American ports, in order to try to replenish the ship.
Coverage Details
Total News Sources52
Leaning Left4Leaning Right8Center16Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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