Trump’s US Port Fees: China’s shipbuilding industry has strongly condemned the US port fees announced by President Donald Trump’s administration, labeling them as “short-sighted.” The fees, which target China-linked ships, are part of a broader effort to revive the US shipbuilding industry and reduce China’s dominance in the global shipping sector.
Trump’s Executive Order
President Trump signed an executive order on Wednesday aimed at promoting the US shipbuilding industry. The order is seen as a protectionist move, designed to limit China’s influence in the global maritime market. However, the US government later exempted domestic exporters and vessel owners serving the Great Lakes, the Caribbean, and US territories from the measures.
China’s Response
The China Association of the National Shipbuilding Industry has expressed “extreme indignation and resolute opposition” to the US measures. In a statement, the industry body argued that the decline of the US shipbuilding industry is a result of its own protectionism, rather than any actions taken by China. The association warned that the US restrictions would have far-reaching consequences, including disrupting the global maritime system, increasing shipping costs, and exacerbating US inflation.
Still on Trump’s US Port Fees
Potential Consequences
The Chinese shipbuilders’ association also cautioned that the US measures would ultimately harm the interests of the US people. They called on the international maritime industry to join forces in resisting the US behavior, which they characterized as “short-sighted.” The industry body expects the Chinese authorities to take strong countermeasures in response to the US actions.
Government Protests
The Chinese government has also protested against the US measures, describing them as “discriminatory.” The Ministry of Commerce has vowed to take necessary measures to safeguard China’s interests, stating that the fees reveal the US’s unilateralist and protectionist policies. The ministry has urged Washington to “correct wrongdoings” and warned of potential consequences for US-China trade relations.
Escalating Trade War
The dispute over ocean shipping is the latest development in the intensifying trade war between China and the US. The two countries have imposed levies on each other’s imports, with tariffs exceeding 100% in some cases. The trade tensions have significant implications for the global economy, and the latest conflict in the shipping sector is likely to further strain relations between the two nations.
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