An executive order being drafted at the White House suggests that the Trump administration may impose additional fees of up to $1.5 million on ships made in China docking at U.S. ports, according to media reports.
Experts warn that these potential levies, aimed at reducing Chinese dominance in the shipping industry, could further destabilize global supply chains and impact the American economy.
The proposal, led by the U.S. Trade Representative, seeks to challenge China’s significant role in global shipping. However, adding fees on top of existing tariffs might exacerbate current trade tensions and hinder the flow of goods worldwide.
Global supply chains have already faced disruptions due to recent trade policies and the ongoing pandemic. Additional fees on Chinese ships could lead to increased costs for businesses and consumers, and potentially slow down economic recovery efforts.
Many are watching closely to see how this proposal unfolds and what it could mean for international trade and the interconnected global economy.
