Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels.
The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to US$3.5 million per port call, varies based on the vessel’s origin and the owner’s fleet composition.
(adsbygoogle =...