US forges ahead with plans for steep port fees on China-built vessels
New rules part of effort to revive US shipbuilding, but penalties scaled back after warnings about impact on consumersThe Trump administration is forging ahead with plans to charge steep fees on Chinese-built ships for stopping at US ports in an effort to revive its shipbuilding industry, but scaled back the penalties after warnings about the impact on consumers.The Office of the US Trade Representative (USTR) significantly watered down original plans from February, under which vessels built in China would be charged as $3.5m (£2.6m) each time they docked at a US port. The US and China are locked in a trade war. Continue reading...
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New rules part of effort to revive US shipbuilding, but penalties scaled back after warnings about impact on consumers
The Trump administration is forging ahead with plans to charge steep fees on Chinese-built ships for stopping at US ports in an effort to revive its shipbuilding industry, but scaled back the penalties after warnings about the impact on consumers.
The Office of the US Trade Representative (USTR) significantly watered down original plans from February, under which vessels built in China would be charged as $3.5m (£2.6m) each time they docked at a US port. The US and China are locked in a trade war. Continue reading...
