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U.S. Targets Chinese Shipping with Proposed $15 Million Port Entry Fee
The U.S. Trade Representative has proposed a $15 million fee per Chinese vessel entering U.S. ports to counter China’s shipping subsidies.
The United States Trade Representative (USTR) has proposed a $15 million fee for each Chinese vessel entering U.S. ports, citing concerns over China’s unfair shipping subsidies. This initiative is part of a broader strategy to ensure fair competition for U.S. and allied maritime industries.
Under the proposal, Chinese state-backed shipping companies would be required to pay additional fees when docking at American ports, aiming to offset China’s government subsidies, which provide its shipping sector with an unfair advantage. This measure aligns with President Biden’s economic policy to protect American businesses and workers from foreign market distortions.
China is expected to challenge the policy, which could further heighten trade tensions between the two nations. The proposal is currently open for public review, with potential implementation in late 2025.
Source: USTR Proposes Charging Chinese Ships Up to $15 Million to Enter U.S. Ports – Reuters
