The post China retaliates against U.S. port fees with charges on American ships appeared on BitcoinEthereumNews.com. Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day. The U.S. fees “seriously violate” international trading principles and “seriously damages” China-U.S. maritime trade, the Chinese Ministry of Transport said in the announcement, translated by CNBC. China will charge 400 yuan ($56) per net ton for the U.S. vessels, essentially the same as the $50 per net ton that the U.S. is imposing on Chinese ships. Beijing also matched the U.S. with plans to increase the fees over time through April 17, 2028, with the same effective dates. In the “short term, this will result in an increase in costs for U.S. consumers, a decrease in profits for shippers, and a small decline in demand for exports to the U.S. in certain categories,” said Michael Hart, president of the American Chamber of Commerce in China. In the longer term, he said there could be more demand for non-Chinese ships. But he didn’t expect an increase in demand for U.S.-made ships due to their high costs and low shipbuilding capacity. The U.S. only accounts for 0.1% of global shipbuilding, versus 53.3% for China, according to the Center for Strategic and International Studies. That outsized Chinese market share prompted the U.S. to develop a policy, beginning under the Biden administration, to charge Chinese-made ships when arriving at U.S. ports. The Chinese Ministry of Transport said the fees would apply to vessels owned by U.S. businesses, organizations, individuals and entities holding a 25% or greater… The post China retaliates against U.S. port fees with charges on American ships appeared on BitcoinEthereumNews.com. Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day. The U.S. fees “seriously violate” international trading principles and “seriously damages” China-U.S. maritime trade, the Chinese Ministry of Transport said in the announcement, translated by CNBC. China will charge 400 yuan ($56) per net ton for the U.S. vessels, essentially the same as the $50 per net ton that the U.S. is imposing on Chinese ships. Beijing also matched the U.S. with plans to increase the fees over time through April 17, 2028, with the same effective dates. In the “short term, this will result in an increase in costs for U.S. consumers, a decrease in profits for shippers, and a small decline in demand for exports to the U.S. in certain categories,” said Michael Hart, president of the American Chamber of Commerce in China. In the longer term, he said there could be more demand for non-Chinese ships. But he didn’t expect an increase in demand for U.S.-made ships due to their high costs and low shipbuilding capacity. The U.S. only accounts for 0.1% of global shipbuilding, versus 53.3% for China, according to the Center for Strategic and International Studies. That outsized Chinese market share prompted the U.S. to develop a policy, beginning under the Biden administration, to charge Chinese-made ships when arriving at U.S. ports. The Chinese Ministry of Transport said the fees would apply to vessels owned by U.S. businesses, organizations, individuals and entities holding a 25% or greater…

China retaliates against U.S. port fees with charges on American ships

Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025.

Cfoto | Future Publishing | Getty Images

BEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day.

The U.S. fees “seriously violate” international trading principles and “seriously damages” China-U.S. maritime trade, the Chinese Ministry of Transport said in the announcement, translated by CNBC.

China will charge 400 yuan ($56) per net ton for the U.S. vessels, essentially the same as the $50 per net ton that the U.S. is imposing on Chinese ships. Beijing also matched the U.S. with plans to increase the fees over time through April 17, 2028, with the same effective dates.

In the “short term, this will result in an increase in costs for U.S. consumers, a decrease in profits for shippers, and a small decline in demand for exports to the U.S. in certain categories,” said Michael Hart, president of the American Chamber of Commerce in China.

In the longer term, he said there could be more demand for non-Chinese ships. But he didn’t expect an increase in demand for U.S.-made ships due to their high costs and low shipbuilding capacity.

The U.S. only accounts for 0.1% of global shipbuilding, versus 53.3% for China, according to the Center for Strategic and International Studies.

That outsized Chinese market share prompted the U.S. to develop a policy, beginning under the Biden administration, to charge Chinese-made ships when arriving at U.S. ports.

The Chinese Ministry of Transport said the fees would apply to vessels owned by U.S. businesses, organizations, individuals and entities holding a 25% or greater stake. Ships flying the U.S. flag or made in Washington would also be charged, the ministry said.

This is “just more tit-for-tat negotiating tactics. The U.S. placed similar fees on Chinese bound vessels and now China is doing the same,” said Peter Alexander, managing director of Z-Ben Advisors in Shanghai.

“The Trump administration continues to underestimate China and this needs to stop,” Alexander said. “There seems to be little consideration given to second and third-order effects of policy choices.”

He added: “China can give as good as it gets and has demonstrated a willingness to take direct action. Have there been any lessons learned by the Americans over the past six months?  It certainly doesn’t seem so.”

The Chinese port fee announcement comes after China doubled down on its export restrictions and broadened its “unreliable entities” blacklist to include chip consulting firm TechInsights, in the last two days.

U.S.-China tensions have remained elevated despite a call between U.S. President Donald Trump and Chinese President Xi Jinping last month, and expectations of a meeting between the two leaders in South Korea in coming weeks.

While Trump has played up progress on a deal for Beijing-based ByteDance to sell the U.S. operations of its TikTok app, China has been less conclusive.

Source: https://www.cnbc.com/2025/10/10/china-retaliates-against-us-port-fees-with-charges-on-american-ships.html

Market Opportunity
Union Logo
Union Price(U)
$0.002656
$0.002656$0.002656
+5.14%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol

Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol

The post Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol appeared on BitcoinEthereumNews.com. Layer-1 blockchain protocol Saga has faced a severe
Share
BitcoinEthereumNews2026/01/22 17:01
Disney Pockets $2.2 Billion For Filming Outside America

Disney Pockets $2.2 Billion For Filming Outside America

The post Disney Pockets $2.2 Billion For Filming Outside America appeared on BitcoinEthereumNews.com. Disney has made $2.2 billion from filming productions like ‘Avengers: Endgame’ in the U.K. ©Marvel Studios 2018 Disney has been handed $2.2 billion by the government of the United Kingdom over the past 15 years in return for filming movies and streaming shows in the country according to analysis of more than 400 company filings Disney is believed to be the biggest single beneficiary of the Audio-Visual Expenditure Credit (AVEC) in the U.K. which gives studios a cash reimbursement of up to 25.5% of the money they spend there. The generous fiscal incentives have attracted all of the major Hollywood studios to the U.K. and the country has reeled in the returns from it. Data from the British Film Institute (BFI) shows that foreign studios contributed around 87% of the $2.2 billion (£1.6 billion) spent on making films in the U.K. last year. It is a 7.6% increase on the sum spent in 2019 and is in stark contrast to the picture in the United States. According to permit issuing office FilmLA, the number of on-location shooting days in Los Angeles fell 35.7% from 2019 to 2024 making it the second-least productive year since 1995 aside from 2020 when it was the height of the pandemic. The outlook hasn’t improved since then with FilmLA’s latest data showing that between April and June this year there was a 6.2% drop in shooting days on the same period a year ago. It followed a 22.4% decline in the first quarter with FilmLA noting that “each drop reflected the impact of global production cutbacks and California’s ongoing loss of work to rival territories.” The one-two punch of the pandemic followed by the 2023 SAG-AFTRA strikes put Hollywood on the ropes just as the U.K. began drafting a plan to improve its fiscal incentives…
Share
BitcoinEthereumNews2025/09/18 07:20
Zhao Changpeng, speaking at Davos, stated that the fractional-reserve requirement system is the root cause of the banking liquidity crisis, and that demand from real-economy banks will sharply decline

Zhao Changpeng, speaking at Davos, stated that the fractional-reserve requirement system is the root cause of the banking liquidity crisis, and that demand from real-economy banks will sharply decline

PANews reported on January 22nd that at the World Economic Forum Annual Meeting 2026 in Davos, Changpeng Zhao stated that technology itself does not bring risks
Share
PANews2026/01/22 16:51