US EditionUS farmers express dismay over proposal for levies on China-built ships
- American farmers and business owners are concerned about proposed levies on Chinese-built ships, fearing higher prices and disruptions to global trade, according to Bloomberg.
- Proposed levies could generate between $40 billion and $52 billion, but would affect 98% of container ships at U.S. Ports, reported gCaptain and Bloomberg.
- The International Chamber of Shipping warned that these levies could disrupt U.S. Trade and significantly increase consumer prices.
- CARICOM leaders, including President Irfaan Ali, expressed that the proposed fines could harm the Caribbean's oil and gas industry and raise transportation costs for the region.
21 Articles
21 Articles
Opposition grows as USTR holds hearing on levies on Chinese ships
A public hearing on Washington proposed levies on Chinese ships docking in the US is scheduled to be held on Monday and Wednesday by Office of the United States Trade Representative (USTR). However, discontent toward the potential levies is simmering as American industry associations complained such practice would hurt their interest and global competitiveness. In addition, Caribbean Community leaders are concerned that the US' proposed fines on…
Mid-sized ports like Charleston could feel brunt of Trump proposal to charge Chinese ships
The Port of Charleston and other medium-sized seaports could take the biggest hit from a White House proposal to levy hefty fees against vessels operated or built by Chinese-owned companies, some of the industry's top leaders are warning.
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