Trump proposes big port fees on Chinese cargo ships. Here's how that could affect you

Donald Trump is proposing unprecedented fees on Chinese-built vessels and shipping companies entering U.S. ports, potentially totaling millions in government revenue. This move could raise consumer prices and lead to retaliatory actions from China amidst a backdrop of existing tariffs. The proposal includes tiered fees based on the percentage of Chinese vessels in a fleet, impacting most international shipping companies, notably Cosco. Currently, the proposal is open for public comment until March 24, before the administration finalizes any decisions.

The proposed fees, aimed at Chinese vessels and shipping firms, could generate significant revenue for the U.S. government while potentially escalating trade tensions with China.

As U.S. consumers are grappling with ongoing tariff impacts, the introduction of port call fees could exacerbate financial strains accompanying retail price increases.

Read at Fast Company