24Business

Trump administrator can raise port fees on Chinese ships: Who will it affect?


President Donald Trump The administration has announced a new proposal that will increase fees on Chinese ship vessels, as well as ships made in China, when adhesing at US ports, although fees could increase the costs of US companies and consumers.

The Office of the American Trade Representative (Ustr) published a proposal on Friday. Would impose fees up to $ 1.5 million for all port calls that the ship sent built in China – including those operated by companies outside China.

The size of the compensation would varnish depending on the percentage of Chinese ships in the fleet of the shipping company, whether the ship sent Luka in China. Companies with 50% or more fleets in China would pay $ 1 million per visit, while they would range from 26% to 49% to $ 750,000 per visit, and those between 0% and 25% would face a fee of 500,000 USD.

Chinese -owned shipping companies, such as Cosco, would face an additional charge of up to $ 1 million per call at the port, although the proposal seems to limit the total fee of $ 1.5 million per visit. The proposal also includes restrictions that would require to increase the amounts from US exports to delivered fruits on US vessels managed by US operators.

US Consumer’s available consumer cares about worrying care for inflation and tariffs

Trump administration considers a plan to increase port fees on ships in China or managed by Chinese companies. (Mike Blake / Reuters Photos)

Over the next seven years, this increases the request to deliver us to such vessels from a immediate 1% to 15%. This also adds a request for the fruits to be built, which over time in three to three years increases from 3% to 5%.

Wall Street Journal He published a report on the order quoted by Lars Jensen, the Vespucci Muritime CEO, who advises the shipping lines. He said that the costs arising from fees would affect companies that import or export products from the US as well as consumers.

“For containers, their costs will be at least 10 times higher than existing costs and affect US importers, exporters and consumers,” Jensen told The Journal. “I hope the public debate will prevent this madness.”

Chinese companies increase production based in the US to avoid Trump’s trade

The Uststria proposal aims to increase US shipbuilding, which China and Japan and South Korea have surpassed. (APU Gomes / AFP Via / Getty Images)

AND Report from Lloyd’s list He noticed that some ship operators could look for a separate operating company for Chinese ships, while using another company with ships not built in China to manage US port calls. It is said that the costs will be multiplied for each visit, which causes significant increase in the costs for the shipping company.

“Container’s lines make multiple calls by US service loop, which would multiply fees. For example, container services Asia-USs East Coast usually make two to three US calls to the port, which equates to $ 2 million to $ 3 million for each service Loop, “the Lloyd list states.

Outlet added that the plan “would suddenly increase the costs for a large number of vessels calling for American ports”, which would be transferred to us importers and exporters through larger costs through supplements, higher freight traffic or charter parties clauses.

China conducting customs fraud, a trade expert says: ‘No doubt’

The costs from major delivery fees are likely to be transferred to US importers, exporters and consumers. (Mike Blake / Reuters Photos)

Ustr found that the Chinese government sought to dominate Maritime ship industry And he achieved this, creating an economic security risk for the US naval industry.

American trade representative The Chinese target of the sector sector, logistics and shipbuilding sector for domination because it squeezes out the foreign companies, deprives the market company and their workers commercial capacity, and reduces competition, and creates dependence on China, increasing the risk and reduction of the resistance to the supply. a report.

Get a job with Fox on a clicking movement here

The proposal for Ustria is now in a public comment period that will be open until the agency keeps hearing on March 24, when the administration will determine whether to implement a new fee regimen.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com