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
Global trade uncertainty could impact long-term export opportunities.
Lower shipping costs favor corn, while soybeans face pressure.
K-State’s Dr. Gregg Ibendahl breaks down the impacts of the Middle East ceasefire on energy markets and input costs, and what farmers should watch in the weeks ahead.
Coal-based ethanol could weaken long-term export demand for corn-based fuels.
Corn Inspections Lead Weekly Exports as China Reenters U.S. Grain Market, Resumes Canada Trade Talks
Strong corn and China-driven demand support the pace of U.S. grain exports. RealAg Radio host Shaun Haney discusses Canada-China agricultural trade talks.
Tight global supply is likely to keep fuel and fertilizer costs elevated.
