US and China impose port fees on each other's vessels

smh.com.au [$]

The US and China have initiated a new trade war front by imposing hefty port fees on each other's vessels. These reciprocal charges target ships built, operated, or financed by the rival nation, with fees escalating over the next three years. The US initiated the fees based on accusations of unfair Chinese shipbuilding practices. This development comes amidst broader trade tensions, including potential tariffs on all Chinese exports to the US and new international regulations on shipping emissions.


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