U.S. proposes hefty port fees on Chinese ships: a game-changer for global trade?

The U.S. Trade Representative (USTR) has proposed imposing significant port fees on Chinese-built vessels, a move that could disrupt global trade and increase shipping costs. The proposal, part of a Section 301 investigation, aims to counter China’s dominance in the shipbuilding industry, which has surged to over 60% of the global market share. The USTR accuses China of unfair practices, […]