Trending News
Baltic Exchange Market Report (7 February 2025)...
  Daily Exim

NEWS DETAILS

Date: 25/03/2025

US fees on Chinese ships seen causing trade apocalypse

The proposed US levies on Chinese ships could theoretically generate between $40 billion and $52 billion for US coffers but, already roiled by uncertainty over the escalating tariffs on Chinese goods, steel and aluminium, and with a fresh round of reciprocal measures expected on April 2, some American companies and others in the industry are anxious.  Mr John McCown, a veteran of the maritime transportation industry and author of a history of cargo shipping, put it more starkly; if you wanted to take a sledgehammer to trade, this is what you would do. You take it all together, it’s like an apocalypse for trade. Some vessels could attract fees of up to $3.5 million per port call if they are Chinese-built with a Chinese operator, which also has a ship on order from a Chinese manufacturer, as per a report.
 
Source: Exim News Service: Singapore, March 24



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai & Western India, Gujarat, New Delhi & North India and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 47 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.