No Result
View All Result
  • Login
Saturday, October 11, 2025
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 Markets

China retaliates against U.S. port fees with charges on American ships

by FeeOnlyNews.com
11 hours ago
in Markets
Reading Time: 3 mins read
A A
0
China retaliates against U.S. port fees with charges on American ships
Share on FacebookShare on TwitterShare on LInkedIn


Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025.

Cfoto | Future Publishing | Getty Images

BEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day.

The U.S. fees “seriously violate” international trading principles and “seriously damages” China-U.S. maritime trade, the Chinese Ministry of Transport said in the announcement, translated by CNBC.

China will charge 400 yuan ($56) per net ton for the U.S. vessels, essentially the same as the $50 per net ton that the U.S. is imposing on Chinese ships. Beijing also matched the U.S. with plans to increase the fees over time through April 17, 2028, with the same effective dates.

In the “short term, [the imposition of fees on Chinese vessels] will result in an increase in costs for U.S. consumers, a decrease in profits for shippers, and a small decline in demand for exports to the U.S. in certain categories,” said Michael Hart, president of the American Chamber of Commerce in China.

In the longer term, he said there could be more demand for non-Chinese ships. But he didn’t expect an increase in demand for U.S.-made vessels due to their high costs and low shipbuilding capacity.

The U.S. accounts for only 0.1% of global shipbuilding, compared to 53.3% for China, according to the Center for Strategic and International Studies.

That outsized Chinese market share prompted the U.S. to develop a policy, beginning under the Biden administration, to charge Chinese-made ships when arriving at U.S. ports.

The Chinese Ministry of Transport said the fees would apply to vessels owned by U.S. businesses, organizations, individuals and entities holding a 25% or greater stake. Ships flying the U.S. flag or made in Washington would also be charged, the ministry said.

This is “just more tit-for-tat negotiating tactics. The U.S. placed similar fees on Chinese-bound vessels and now China is doing the same,” said Peter Alexander, managing director of Z-Ben Advisors in Shanghai.

“The Trump administration continues to underestimate China and this needs to stop,” Alexander said. “There seems to be little consideration given to second and third-order effects of policy choices.”

He added: “China can give as good as it gets and has demonstrated a willingness to take direct action. Have there been any lessons learned by the Americans over the past six months?  It certainly doesn’t seem so.”

The Chinese port fee announcement comes after China doubled down on its export restrictions and broadened its “unreliable entities” blacklist to include chip consulting firm TechInsights, in the last two days.

U.S.-China tensions have remained elevated despite a call between U.S. President Donald Trump and Chinese President Xi Jinping last month, and expectations of a meeting between the two leaders in South Korea in coming weeks.

While Trump has played up progress on a deal for Beijing-based ByteDance to sell the U.S. operations of its TikTok app, China has been less conclusive.



Source link

Tags: AmericanChargesChinaFeesportretaliatesshipsU.S
ShareTweetShare
Previous Post

Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues

Next Post

Interview With Retirement Lifestyle Advocates

Related Posts

Activist Irenic takes a stake in Atkore, urges company to consider a sale

Activist Irenic takes a stake in Atkore, urges company to consider a sale

by FeeOnlyNews.com
October 11, 2025
0

Company: Atkore (ATKR)Business: Atkore is a manufacturer of electrical products for construction and renovation markets, and safety and infrastructure products...

Here’s How to Tell When Dollar Tree Is About to Hike Prices (Again)

Here’s How to Tell When Dollar Tree Is About to Hike Prices (Again)

by FeeOnlyNews.com
October 10, 2025
0

Sheena_Waldron / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission,...

8 Free Resources for Navigating Medicare Enrollment Periods

8 Free Resources for Navigating Medicare Enrollment Periods

by FeeOnlyNews.com
October 10, 2025
0

Julia Zavalishina / Shutterstock.comIt’s that special time of year again. No, not the holidays. It’s Medicare’s open enrollment period, from...

Chinese stocks slide as Trump threatens tariffs, accuses Beijing of holding world ‘captive’

Chinese stocks slide as Trump threatens tariffs, accuses Beijing of holding world ‘captive’

by FeeOnlyNews.com
October 10, 2025
0

Chinese stocks trading in the U.S. tumbled Friday after former President Donald Trump threatened to sharply raise tariffs on Chinese...

Why Buying Down Your Interest Rate Makes a Lot of Sense

Why Buying Down Your Interest Rate Makes a Lot of Sense

by FeeOnlyNews.com
October 10, 2025
0

In This Article This article is presented by Rent To Retirement. If you’ve been waiting for mortgage rates to magically...

The Best Time to Establish Residency Overseas and Get a Second Citizenship

The Best Time to Establish Residency Overseas and Get a Second Citizenship

by FeeOnlyNews.com
October 10, 2025
0

Jirus Malawong / Shutterstock.comI have a friend who is working on his Plan C. Hank already has a second residency...

Next Post
Interview With Retirement Lifestyle Advocates

Interview With Retirement Lifestyle Advocates

Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

  • Trending
  • Comments
  • Latest
Bitcoin: Breakout Above 7K Resistance Could Unlock Fresh Upside

Bitcoin: Breakout Above $117K Resistance Could Unlock Fresh Upside

September 19, 2025
Vanguard reaches .5M SEC settlement

Vanguard reaches $19.5M SEC settlement

August 29, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Russia appeals global aviation agency’s decision blaming it for downing MH17 over Ukraine in 2014

Russia appeals global aviation agency’s decision blaming it for downing MH17 over Ukraine in 2014

September 19, 2025
Meet a 23-year-old electrician who was a ‘good student’ but skipped college to become his own boss. He makes 6 figures

Meet a 23-year-old electrician who was a ‘good student’ but skipped college to become his own boss. He makes 6 figures

September 14, 2025
Commonwealth advisors head to Raymond James, Cetera

Commonwealth advisors head to Raymond James, Cetera

October 9, 2025
6 Painful Truths About Aging and Sex Life No One Talks About

6 Painful Truths About Aging and Sex Life No One Talks About

0
Activist Irenic takes a stake in Atkore, urges company to consider a sale

Activist Irenic takes a stake in Atkore, urges company to consider a sale

0
Bitcoin Price Touches 1K As Trump’s 100% Tariff On China Shakes Market

Bitcoin Price Touches $101K As Trump’s 100% Tariff On China Shakes Market

0
Hotstocks KW 41 / 2025 – Lithium-Aktien Schlüssel-Investment im Bereich E-Mobilität!

Hotstocks KW 41 / 2025 – Lithium-Aktien Schlüssel-Investment im Bereich E-Mobilität!

0
Let’s give the ‘fired’ label a rest

Let’s give the ‘fired’ label a rest

0
How Double Standards Erode Free Speech

How Double Standards Erode Free Speech

0
Bitcoin Price Touches 1K As Trump’s 100% Tariff On China Shakes Market

Bitcoin Price Touches $101K As Trump’s 100% Tariff On China Shakes Market

October 11, 2025
How Double Standards Erode Free Speech

How Double Standards Erode Free Speech

October 11, 2025
Let’s give the ‘fired’ label a rest

Let’s give the ‘fired’ label a rest

October 11, 2025
Activist Irenic takes a stake in Atkore, urges company to consider a sale

Activist Irenic takes a stake in Atkore, urges company to consider a sale

October 11, 2025
Hotstocks KW 41 / 2025 – Lithium-Aktien Schlüssel-Investment im Bereich E-Mobilität!

Hotstocks KW 41 / 2025 – Lithium-Aktien Schlüssel-Investment im Bereich E-Mobilität!

October 11, 2025
Astera Labs (ALAB) Gets Street-High Price Target as Citi Sees Major AI Upside

Astera Labs (ALAB) Gets Street-High Price Target as Citi Sees Major AI Upside

October 11, 2025
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

  • Bitcoin Price Touches $101K As Trump’s 100% Tariff On China Shakes Market
  • How Double Standards Erode Free Speech
  • Let’s give the ‘fired’ label a rest
  • 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.