No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, March 18, 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

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
China hits back at US ships with additional port fees
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 October 14, China’s transport ministry said.

The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry said on Friday.

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.

The U.S. fees on China-linked vessels, following a probe by the U.S. Trade Representative (USTR), are part of a broader U.S. effort to revive domestic shipbuilding and blunt China’s naval and commercial shipping power.

Live Events

“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. 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 to be heaped on the legion of Chinese ships.

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.

For U.S. vessels berthing at Chinese ports from October 14, the rate will be 400 yuan ($56.13) per net tonne, 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 tonne.

Tensions between China and the United States have started to deepen since September, with the two superpowers looking to be struggling to move beyond their current 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.”

U.S. President Donald Trump and Chinese leader Xi Jinping are expected to meet as they attend an Asia-Pacific Economic Cooperation (APEC) in South Korea at the end of this month.

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: additionalChinaFeesHitsportships
ShareTweetShare
Previous Post

TCS results, AI bets and metals rally: Parag Thakkar sees value across IT, metals and banking sector

Next Post

Norwegian maritime energy firm Corvus Energy secures €51.7M

Related Posts

edit post
Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

by TheAdviserMagazine
March 18, 2026
0

Argentina’s once thriving wine industry is facing its worst crisis in more than 15 years, with record-low domestic consumption, dwindling...

edit post
White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents

White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents

by TheAdviserMagazine
March 18, 2026
0

As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the Trump administration says it will temporarily waive maritime shipping requirements...

edit post
Gold price slides below ,000, drops to over one-month low

Gold price slides below $5,000, drops to over one-month low

by TheAdviserMagazine
March 18, 2026
0

Spot gold continued to trade lower after the Federal Reserve's latest policy decision on Wednesday, having hit a more than...

edit post
US couple buys Tel Aviv seafront apartment for NIS 17.3m

US couple buys Tel Aviv seafront apartment for NIS 17.3m

by TheAdviserMagazine
March 18, 2026
0

In the midst of the war, an apartment has been purchased in the David Promenade Towers project, on Tel...

edit post
How Lumen Technologies is using AI to help cut  billion in network costs

How Lumen Technologies is using AI to help cut $1 billion in network costs

by TheAdviserMagazine
March 18, 2026
0

It was the weekend before last Thanksgiving when Kate Johnson, the president and CEO of Lumen Technologies, called then-Nationwide Chief...

edit post
United Airlines suspends Israel flights until June

United Airlines suspends Israel flights until June

by TheAdviserMagazine
March 18, 2026
0

While many foreign airlines are making do with short suspensions of Israel flights, United Airlines, which in recent times...

Next Post
edit post
Norwegian maritime energy firm Corvus Energy secures €51.7M

Norwegian maritime energy firm Corvus Energy secures €51.7M

edit post
How AI, IoT, and Drones Are Transforming Precision Agriculture Market?

How AI, IoT, and Drones Are Transforming Precision Agriculture Market?

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
How Age Affects Your Social Security Disability Claim

How Age Affects Your Social Security Disability Claim

March 2, 2026
edit post
5 Ways to Survive the Coming Medicare Premium Shock

5 Ways to Survive the Coming Medicare Premium Shock

0
edit post
Sports Betting Winnings: What to Do at Tax Time

Sports Betting Winnings: What to Do at Tax Time

0
edit post
Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

0
edit post
Wealth of Nations, Book 2: Prudence, Competition, and Party Walls at Econlib

Wealth of Nations, Book 2: Prudence, Competition, and Party Walls at Econlib

0
edit post
Erik Voorhees’ Venice rolls out end-to-end encrypted AI modes, VVV token surges 10%

Erik Voorhees’ Venice rolls out end-to-end encrypted AI modes, VVV token surges 10%

0
edit post
United Airlines suspends Israel flights until June

United Airlines suspends Israel flights until June

0
edit post
Erik Voorhees’ Venice rolls out end-to-end encrypted AI modes, VVV token surges 10%

Erik Voorhees’ Venice rolls out end-to-end encrypted AI modes, VVV token surges 10%

March 18, 2026
edit post
5 Ways to Survive the Coming Medicare Premium Shock

5 Ways to Survive the Coming Medicare Premium Shock

March 18, 2026
edit post
Get a Craft & Devotional Box from Gospel and Glue for just  shipped!

Get a Craft & Devotional Box from Gospel and Glue for just $10 shipped!

March 18, 2026
edit post
10 Excuses Amazon Drivers Use to Not Deliver Your Packages

10 Excuses Amazon Drivers Use to Not Deliver Your Packages

March 18, 2026
edit post
Here are the five key takeaways from this week’s Fed meeting

Here are the five key takeaways from this week’s Fed meeting

March 18, 2026
edit post
Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

Argentines once drank 90 liters of wine a year. Now they’re down to 15 — and 1,100 vineyards have already closed

March 18, 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

  • Erik Voorhees’ Venice rolls out end-to-end encrypted AI modes, VVV token surges 10%
  • 5 Ways to Survive the Coming Medicare Premium Shock
  • Get a Craft & Devotional Box from Gospel and Glue for just $10 shipped!
  • 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.