No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, February 4, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

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

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 3 mins read
A A
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

edit post
Can Starbucks Open Another 10,000 Stores in the U.S.?

Can Starbucks Open Another 10,000 Stores in the U.S.?

by TheAdviserMagazine
February 4, 2026
0

Starbucks (NASDAQ: SBUX) wowed the markets last week with its latest quarterly update. The company made strides under the leadership...

edit post
Fund buys control of car parts co M PInes for NIS 500m

Fund buys control of car parts co M PInes for NIS 500m

by TheAdviserMagazine
February 4, 2026
0

The vehicle parts market continues to arouse interest on the capital market. Private equity firm Israel Legacy Partners has...

edit post
Thousands evacuated as storm hits Spain, Portugal

Thousands evacuated as storm hits Spain, Portugal

by TheAdviserMagazine
February 4, 2026
0

Ronda: A storm unleashing up to 35 centimetres (14 inches) of rain in 24 hours battered the Iberian Peninsula on...

edit post
The ‘Kardashian Kurse’ and a Jurassic Park reunion are among the Super Bowl commercials planned for this year

The ‘Kardashian Kurse’ and a Jurassic Park reunion are among the Super Bowl commercials planned for this year

by TheAdviserMagazine
February 4, 2026
0

As Super Bowl Sunday approaches, the battle off the field for advertisers to win over 120 million-plus viewers will be...

edit post
Schroders Greencoat to buy 283MWp solar portfolio from METLEN

Schroders Greencoat to buy 283MWp solar portfolio from METLEN

by TheAdviserMagazine
February 4, 2026
0

Schroders Greencoat, a renewable investment manager and part of Schroders Capital, has agreed to acquire a 283-megawatt-peak (MWp) solar photovoltaic...

edit post
Average salary reaches NIS 14,677

Average salary reaches NIS 14,677

by TheAdviserMagazine
February 4, 2026
0

The average monthly gross salary in Israel in December was NIS 14,677, the Central Bureau of Statistics reported today....

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

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

edit post
Bitcoin ETFs Extend Inflow Streak to 9 Days as Ether Sees Modest Outflow

Bitcoin ETFs Extend Inflow Streak to 9 Days as Ether Sees Modest Outflow

  • Trending
  • Comments
  • Latest
edit post
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Where Is My South Carolina Tax Refund

Where Is My South Carolina Tax Refund

January 30, 2026
edit post
Florida Snowbirds Are Running Into Residency Documentation Problems

Florida Snowbirds Are Running Into Residency Documentation Problems

January 10, 2026
edit post
Fund buys control of car parts co M PInes for NIS 500m

Fund buys control of car parts co M PInes for NIS 500m

0
edit post
*HOT* GCI Outdoor Comfort Pro Portable Rocking Chair only .99 shipped (Reg. !)

*HOT* GCI Outdoor Comfort Pro Portable Rocking Chair only $49.99 shipped (Reg. $77!)

0
edit post
When Your Startup Takes a Hit: How Founders Can Rebuild Team Morale

When Your Startup Takes a Hit: How Founders Can Rebuild Team Morale

0
edit post
5 Small-Cap Stocks to Consider as Investors Flee Mega-Cap Tech

5 Small-Cap Stocks to Consider as Investors Flee Mega-Cap Tech

0
edit post
How agentic AI is showing up in advisor workflows

How agentic AI is showing up in advisor workflows

0
edit post
Where Is My Louisiana State Tax Refund

Where Is My Louisiana State Tax Refund

0
edit post
*HOT* GCI Outdoor Comfort Pro Portable Rocking Chair only .99 shipped (Reg. !)

*HOT* GCI Outdoor Comfort Pro Portable Rocking Chair only $49.99 shipped (Reg. $77!)

February 4, 2026
edit post
Can Starbucks Open Another 10,000 Stores in the U.S.?

Can Starbucks Open Another 10,000 Stores in the U.S.?

February 4, 2026
edit post
When Your Startup Takes a Hit: How Founders Can Rebuild Team Morale

When Your Startup Takes a Hit: How Founders Can Rebuild Team Morale

February 4, 2026
edit post
6 Medicare Billing Errors Seniors Are Catching in February 2026

6 Medicare Billing Errors Seniors Are Catching in February 2026

February 4, 2026
edit post
Where Is My Louisiana State Tax Refund

Where Is My Louisiana State Tax Refund

February 4, 2026
edit post
Fund buys control of car parts co M PInes for NIS 500m

Fund buys control of car parts co M PInes for NIS 500m

February 4, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • *HOT* GCI Outdoor Comfort Pro Portable Rocking Chair only $49.99 shipped (Reg. $77!)
  • Can Starbucks Open Another 10,000 Stores in the U.S.?
  • When Your Startup Takes a Hit: How Founders Can Rebuild Team Morale
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

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

Welcome Back!

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
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

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