USTR Proposes Major Port Fees on Chinese Vessels, Threatening Indian Trade Dynamics
The United States Trade Representative is considering imposing high port fees on Chinese-owned cargo ships and vessels built in Chinese shipyards, potentially impacting Indian trade. This move is a response to an investigation into Chinese shipbuilding practices. The fees could reach $1 million or more per port-of-call, disrupting global maritime trade and hitting Indian shipments hard.