US unveils new port fees on Beijing-linked vessels to ‘reverse Chinese dominance’

News Snapshot:

The United States has unveiled new port fees on Chinese-built and operated ships in a bid to boost the domestic shipbuilding industry and curb China’s dominance in the sector. The move – which stems from a probe launched under the prior administration – comes as the US and China are locked in a major trade war over President Donald Trump’s tariffs and could further escalate tensions. “Ships and shipping are vital to American economic security and the free flow of commerce,” US trade representative Jamieson Greer said in a statement on Thursday announcing the new fees, most of which will...