The United States has introduced new port fees targeting Chinese-built and operated vessels as a strategy to rejuvenate the struggling domestic shipbuilding industry and mitigate China's leading position. This development, originating from an investigation begun by the previous administration, occurs amidst heightened trade tensions between the US and China. The fees will apply on a per-ton and per-container basis, offering potential waivers for owners purchasing US-built ships, while the US shipbuilding sector, once dominant, now captures only 0.1% of global output, compared to China's near 50% share.
The Trump administration's actions will begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships.
Ships and shipping are vital to American economic security and the free flow of commerce, US trade representative Jamieson Greer said in a statement.
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