No Result
View All Result
  • Login
Saturday, March 21, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

China hits back at US ships with additional port fees starting Tuesday

by FeeOnlyNews.com
5 months ago
in Business
Reading Time: 3 mins read
A A
0
China hits back at US ships with additional port fees starting Tuesday
Share on FacebookShare on TwitterShare on LInkedIn


Vessels owned or operated by U.S. firms and individuals, or those built in the United States or that fly the U.S. flag, will be charged additional port fees per voyage starting on Tuesday, China’s transport ministry said on Friday.

The port fees are a countermeasure against upcoming U.S. port fees on Chinese ships, the ministry said.

The move comes as U.S. President Donald Trump said on Friday there is no reason to meet with China’s President Xi Jinping in two weeks in South Korea as planned, adding on social media that the U.S. is calculating a massive increase in tariffs on imports from China. Trump said China has been sending letters to countries saying it planned to impose export controls on every element of production related to rare earths.

Also starting on October 14, ships built in China – or operated or owned by Chinese entities – will need to pay a fee at their first port of call in the United States. Fees could top $1 million for a ship carrying more than 10,000 containers, and could rise annually through 2028, according to analyst estimates. Vessels owned or operated by a Chinese entity will face a flat fee of $80 per net tonnage per voyage to the U.S.

Live Events

Also read: Trump threatens China with ‘massive hike in tariffs’ over Beijing’s recent export policy, rare earth controls

CHINA CALLS U.S. FEES DISCRIMINATORY

The U.S. fees on China-linked vessels, following a probe by the U.S. Trade Representative, are part of a broader U.S. effort to revive domestic shipbuilding and blunt China’s naval and commercial shipping power. “It is clearly discriminatory and severely damages the legitimate interests of China’s shipping industry, seriously disrupts the stability of the global supply chain, and seriously undermines the international economic and trade order,” the Chinese ministry said. In a separate statement released later on Friday, Beijing’s commerce ministry said the Chinese countermeasures were in “justified” self-defence aimed at safeguarding fairness in the global shipping and shipbuilding markets.

Over the past two decades, China has catapulted itself to the No. 1 position in the shipbuilding world, with its biggest shipyards handling both commercial and military projects.

The Chinese fees on U.S. vessels could hurt the U.S. less than the U.S. fees might harm the legion of Chinese ships.

The fees announced by China, like those put in place by the U.S., “add further complexity and cost to the global network that keeps goods moving and economies connected, and risk harming their exporters, producers, and consumers at a time when global trade is already under pressure,” said Joe Kramek, president and CEO of the World Shipping Association.

Last year, Chinese shipyards built more than 1,000 commercial vessels, while the U.S. constructed fewer than 10, according to military and industry analysts.

RATES RISE OVER THREE YEARS

For U.S. vessels berthing at Chinese ports from October 14, the rate will be 400 yuan ($56.13) per net metric ton, the Chinese transport ministry said.

That will increase to 640 yuan ($89.81) from April 17, 2026, and to 880 yuan ($123.52) from April 17, 2027.

For vessels calling at Chinese ports from April 17, 2028, the charge will be 1,120 yuan ($157.16) per net metric ton.

Tensions between China and the United States have deepened since September, with the two superpowers struggling to move beyond their trade tariff truce – a 90-day pause from August 11 that ends around November 9.

Retaliatory tariffs in the U.S.-China trade war this year have sharply curtailed Chinese imports of U.S. agriculture and energy products.

“There is not much impact likely on agriculture trade, but this step goes to show that China is still irritated with U.S. and they are not going to allow U.S. agricultural imports anytime soon,” said one oilseed trader at an international company, which sells soybeans to China.

“You don’t take such steps if you’re trying to resolve matters. Chinese crushers might have to do without U.S. beans this year.”

($1 = 7.1241 Chinese yuan renminbi)

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: additionalChinaFeesHitsportshipsstartingTuesday
ShareTweetShare
Previous Post

Bank earnings preview: These major banks are set to report Q3 2025 results next week

Next Post

The Dollar’s Decline Could Be Bitcoin’s Next Big Breakout

Related Posts

OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

by FeeOnlyNews.com
March 21, 2026
0

Andrej Karpathy, an OpenAI cofounder and former director of AI at Tesla, admitted that he’s not on the forefront of the field...

DA Davidson Reaffirms Buy Rating for Commvault (CVLT)

DA Davidson Reaffirms Buy Rating for Commvault (CVLT)

by FeeOnlyNews.com
March 21, 2026
0

Commvault Systems Inc. (NASDAQ:CVLT) is one of the 11 best software application stocks to buy now. On March 17, Rudy...

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

Iran launches missiles at U.K.-U.S. base 2,500 away in the Indian Ocean

by FeeOnlyNews.com
March 21, 2026
0

Israel’s defense minister threatened a surge in attacks against Iran on Saturday and Britain condemned Iran for targeting a joint...

T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

T-Mobile, Verizon, AT&T Go All-In On Discounts As Churn Surge Hits

by FeeOnlyNews.com
March 21, 2026
0

Promotional activity among the "Big 3" U.S. carriers—AT&T Inc., Verizon Communications Inc. and T-Mobile US, Inc.—is gaining momentum heading into...

Costco’s .50 hot dog will never change, CEO Ron Vachris promises

Costco’s $1.50 hot dog will never change, CEO Ron Vachris promises

by FeeOnlyNews.com
March 21, 2026
0

There’s no better way to fuel up for traipsing the Costco aisles for hours than a $1.50 hot dog and...

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

by FeeOnlyNews.com
March 21, 2026
0

Domestic frontline indices ended with gains on Friday, led by strong action in IT, auto and metal stocks though weakness...

Next Post
The Dollar’s Decline Could Be Bitcoin’s Next Big Breakout

The Dollar’s Decline Could Be Bitcoin’s Next Big Breakout

A Trifecta To Reimagine Healthcare CX

A Trifecta To Reimagine Healthcare CX

  • Trending
  • Comments
  • Latest
York IE Appoints Chuck Saia to its Strategic Advisory Board

York IE Appoints Chuck Saia to its Strategic Advisory Board

February 18, 2026
Judge orders SEC to release data behind B in WhatsApp fines

Judge orders SEC to release data behind $2B in WhatsApp fines

March 10, 2026
8 Cost-Cutting Moves Retirees Are Sharing Online in February

8 Cost-Cutting Moves Retirees Are Sharing Online in February

February 14, 2026
3 Grocery Chains That Give Seniors a “Gas Bonus” for Every  Spent

3 Grocery Chains That Give Seniors a “Gas Bonus” for Every $50 Spent

March 15, 2026
8 Procedures That Can Be Cheaper Without Insurance

8 Procedures That Can Be Cheaper Without Insurance

February 14, 2026
FPA partners with Snappy Kraken to update PlannerSearch

FPA partners with Snappy Kraken to update PlannerSearch

February 25, 2026
Ripple Study Reveals How Financial World Leaders Are Looking At The Market

Ripple Study Reveals How Financial World Leaders Are Looking At The Market

0
Crypto, tokenization and ETFs: SEC’s Peirce indicates openness

Crypto, tokenization and ETFs: SEC’s Peirce indicates openness

0
The ‘Medicare Advantage’ Switch: Why You Only Have Until March 31 to Return to Original Medicare

The ‘Medicare Advantage’ Switch: Why You Only Have Until March 31 to Return to Original Medicare

0
Hot Stocks: KW 12 / 2026 – Diese Aktien widersetzen sich dem Abwärtssog!

Hot Stocks: KW 12 / 2026 – Diese Aktien widersetzen sich dem Abwärtssog!

0
OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

0
Why Clients Hire “Human” Advisors In The Age Of AI: How Advisors Can Positively Influence Clients’ Emotional States

Why Clients Hire “Human” Advisors In The Age Of AI: How Advisors Can Positively Influence Clients’ Emotional States

0
The ‘Medicare Advantage’ Switch: Why You Only Have Until March 31 to Return to Original Medicare

The ‘Medicare Advantage’ Switch: Why You Only Have Until March 31 to Return to Original Medicare

March 21, 2026
Ripple Study Reveals How Financial World Leaders Are Looking At The Market

Ripple Study Reveals How Financial World Leaders Are Looking At The Market

March 21, 2026
OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’

March 21, 2026
DA Davidson Reaffirms Buy Rating for Commvault (CVLT)

DA Davidson Reaffirms Buy Rating for Commvault (CVLT)

March 21, 2026
The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods

The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods

March 21, 2026
Hot Stocks: KW 12 / 2026 – Diese Aktien widersetzen sich dem Abwärtssog!

Hot Stocks: KW 12 / 2026 – Diese Aktien widersetzen sich dem Abwärtssog!

March 21, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The ‘Medicare Advantage’ Switch: Why You Only Have Until March 31 to Return to Original Medicare
  • Ripple Study Reveals How Financial World Leaders Are Looking At The Market
  • OpenAI cofounder says he hasn’t written a line of code in months and is in a ‘state of psychosis’
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.