US port fees on China could top US$23bn

CSCL Globe arriving at Felixstowe, UK

Source: wikipedia

The US government’s proposed plan to levy significant port fees on Chinese-owned and Chinese-built vessels marks a major escalation in trade tensions with China, with potential ripple effects throughout the global shipping and trade industries, says a key supply chain analyst

Proposed under the Trump administration, the fees could reach up to US$1.5 million per port call for Chinese-owned ships and US$1 million for foreign-owned ships built in China.

If the proposed fees were implemented in 2025, they could total approximately US$23 billion annually.

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