No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, February 26, 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
5 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
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

by TheAdviserMagazine
February 26, 2026
0

Vishal Mega Mart's promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block...

edit post
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

by TheAdviserMagazine
February 26, 2026
0

Last night, Survivor, one of the most successful reality TV shows of all time, kicked off its 50th season, joining the short list of...

edit post
16 agreements signed during Modi’s Israel visit

16 agreements signed during Modi’s Israel visit

by TheAdviserMagazine
February 26, 2026
0

Indian Prime Minister Narendra Modi returned home today after his historic two-day visit to Israel. During his visit, the...

edit post
SHINE Raises 0 Million in Funding to Advance Commercial Fusion Technology

SHINE Raises $240 Million in Funding to Advance Commercial Fusion Technology

by TheAdviserMagazine
February 26, 2026
0

Nuclear fusion group SHINE Technologies said it has raised $240 million in equity funding to advance the company's commercial fusion...

edit post
Crypto trading platform raises  million from CMT Digital and Kraken

Crypto trading platform raises $30 million from CMT Digital and Kraken

by TheAdviserMagazine
February 26, 2026
0

Even as retail traders flee the crypto markets amid plummeting prices, large financial institutions continue to lean into digital assets....

edit post
Gasoline prices to rise above NIS 7 on Saturday night

Gasoline prices to rise above NIS 7 on Saturday night

by TheAdviserMagazine
February 26, 2026
0

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Saturday...

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
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
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
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

0
edit post
More Employers Are Now Giving ‘Peanut Butter’ Raises — What It Means for Your Paychecks in 2026

More Employers Are Now Giving ‘Peanut Butter’ Raises — What It Means for Your Paychecks in 2026

0
edit post
Nvidia – NVDA: Joe Moore von Morgan Stanley bleibt bullisch!

Nvidia – NVDA: Joe Moore von Morgan Stanley bleibt bullisch!

0
edit post
MP Materials selects Texas for rare earth magnet manufacturing site

MP Materials selects Texas for rare earth magnet manufacturing site

0
edit post
6 Numbers You Need to Know Before Buying a Rental Property

6 Numbers You Need to Know Before Buying a Rental Property

0
edit post
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

0
edit post
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

February 26, 2026
edit post
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

February 26, 2026
edit post
Pretend Play Wooden Farmhouse Kitchen Set only .98 shipped (Reg. 4)!

Pretend Play Wooden Farmhouse Kitchen Set only $49.98 shipped (Reg. $134)!

February 26, 2026
edit post
16 agreements signed during Modi’s Israel visit

16 agreements signed during Modi’s Israel visit

February 26, 2026
edit post
SHINE Raises 0 Million in Funding to Advance Commercial Fusion Technology

SHINE Raises $240 Million in Funding to Advance Commercial Fusion Technology

February 26, 2026
edit post
Your Guide to After-Hours Trading

Your Guide to After-Hours Trading

February 26, 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

  • Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
  • 50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game
  • Pretend Play Wooden Farmhouse Kitchen Set only $49.98 shipped (Reg. $134)!
  • 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.