USTR announces actions intended to reverse Chinese dominance in shipbuilding ...Middle East

News by : (forex live) -

Actions designed to restore US shipbuilding while mitigating disruptionsVessel ownders and operators of China would be assessed port fees starting at $50 per net ton in 180 daysFees will increase by $30 per ton per year for three yearsForeign-built car carriers would start at $150 per vehicle in 180 daysFees on Chinese-linked vessels will be assessed per US voyage not per port call and will be imposed no more than 5 times per yearOrders of US built vessels will lead to suspended fees for up to 3 years

It's a monumental task to create a US shipbuilding industry basically from scratch. I tend to think that companies will just pay these fees or find ways around them rather than invest massively in ship building when these policies could be reversed in 4 years.

This article was written by Adam Button at www.forexlive.com.

Hence then, the article about ustr announces actions intended to reverse chinese dominance in shipbuilding was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USTR announces actions intended to reverse Chinese dominance in shipbuilding )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار