The U.S. Trade Rep’s office is looking at making trade more fair. It comes after an investigation into China, and it directly targets their maritime industry.
The Office says China is dominating in areas like maritime, logistics, and shipbuilding, warning it places unreasonable burdens on U.S. commerce. They are hoping to use fees on Chinese ship operators and owners.
Not everyone is on board, though, with one U.S. shipping industry official calling the proposal “catastrophic.” Consultants with O’Neil Commodity Consulting say that in 2022, more than a third of all commercial ships were built in China, and that number is now closer to 22 percent.
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Dr. Derrell Peel says long-term price relief will depend more on rebuilding the U.S. cattle herd than increasing imports.
Industry leaders say producers could still benefit even with many operations already using reduced-tax off-road diesel.
For producers, the next proof will be actual export sales, shipment pace, and buyer breakdowns.
