China will begin charging special port fees on U.S.-linked ships starting October 14, escalating a trade dispute sparked by recent U.S. tariffs on Chinese vessels. The move, announced by China's Ministry of Transport, targets ships owned or operated by U.S. entities, those with significant U.S. ownership stakes, and all U.S.-flagged vessels. 🚢
The fees start at 400 yuan ($56.3) per net tonne and will increase annually through 2026. Officials called the decision a 'justified response' to U.S. actions they claim violate trade principles and disrupt maritime commerce between the two economic giants. 💥
This tit-for-tat measure follows the U.S. imposing fees on Chinese ships after a Section 301 investigation—a tool often used in trade wars. China urged the U.S. to 'immediately correct its wrongdoings,' framing the conflict as a battle over fair global trade rules. 🌍
Analysts warn the fees could ripple through supply chains, impacting everything from consumer goods to energy shipments. With both sides digging in, the maritime industry braces for rougher seas ahead. 🌊
