In bid to save shipyards, U.S. set to charge fees on Chinese ships

News Snapshot:

An escalating trade war between China and the United States faces another flashpoint Tuesday when Chinese ships will be required to start paying a special fee to dock at U.S. ports. The move announced by the U.S. Trade Representative (USTR) in April triggered reciprocal measures from Beijing, which will impose similar costs on U.S. ships starting the same day. The tit-for-tat levies are just the latest in a series of disputes between the world’s two largest economic powers that have roiled financial markets and heightened fears of major disruption to the global economy. President Donald Trump massively upped the ante...