US Readies Shipbuilding Tariffs, Set to Charge Port Fees This Fall

Key Takeaways

• USTR plans to announce up to 100% tariffs on Chinese ship-to-shore cranes and essential cargo equipment, like containers and chassis.
• Port fees on Chinese-built, -owned, and -operated ships, expected to balloon shipping rates, are set to begin on October 14, raising costs for US exporters and importers.
• USCBC advocacy has contributed to helpful modifications, but new legislation could introduce more hurdles.