WASHINGTON — Imposing a 100% tax on the world’s primary supplier of container gantry cranes could lead to supply chain chaos and major damage to the U.S. economy, according to China’s Shanghai Zhenhua Heavy Industries Co. (ZPMC).
In comments filed with the U.S. trade representative, ZPMC, which according to the U.S. government has the largest share of the ship-to-shore (STS) crane market, warned that USTR’s proposal to impose a 100% tariff on its cranes would prevent ZPMC from providing new or...
https://www.freightwaves.com/news/chinas-zpmc-warns-of-port-shutdown-if-crane-tariff-goes-through