USTR lowers penalties for foreign-built LNG tankers, car carriers

The U.S. Trade Representative (USTR) has reduced proposed penalties on non-U.S.-built LNG tankers and car carriers, easing restrictions aimed at boosting domestic shipbuilding. The revised proposal removes LNG-related penalties for failing to export fuel on U.S.-owned ships and lowers fees for foreign-built car carriers visiting U.S. ports, including exemptions for those serving the military. The changes follow industry pushback on the initial proposals. The USTR's initial plan included fees on non-U.S.-built vessels to counter China's dominance. Industry groups now have until July 7 to comment on the revisions.