Chinese-Built Vessels Might Need To Pay $1 Million Before Entering A U.S. Port

The Trump Government would levy a fee on using Chinese commercial vessels, which could help in countering Beijing’s growing maritime prowess.

This plan for Chinese-built vessels was drafted by the office of the U.S Trade Representative along with mandates needing a part of U.S. goods to be transported on American ships.

This development stems from a recent investigation into Beijing’s shipping sector, logistics and ship construction practices which started at the time of Biden and ended with a report 4 days before President Trump took office.

The planned fee would mean additional costs for Americans as high shipping costs will be passed to consumers in the form of higher prices. This could also present an opportunity for South Korean and Japanese shipbuilders.

It remains to be seen whether this step could revive American shipping and its capacity has declined despite protections to…

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