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.
Related Stories
Brooks York with AgriSompo provide insight on crop insurance considerations and the decisions farmers are making as the enrollment deadline approaches.
Farm legal expert Roger McEowen discusses a new rail antitrust case in Kansas and its potential implications for farmers as rail upgrades signal continued export-driven demand for logistics.
Surging energy markets are quickly becoming a cost story for U.S. agriculture as crude oil climbs on supply fears tied to the Middle East conflict.
Logistics remain firm, but freight costs continue to rise.
Strong corn demand and cotton shipments support export outlook.
New research shows that most farmers do not have a formal resiliency plan in place. Devin Fuhrman highlights how Nationwide’s Farm Risk Ready initiative supports farmers in building stronger, more resilient operations.
