The White House is contemplating making adjustments to the port fee plan on Chinese ships

This week, the White House announced they are considering a change in course on their plan for extra fees on Chinese ships.

U.S. Trade Rep Jameison Greer told lawmakers the plan might not go through. The idea was to charge Chinese ships more to promote shipbuilding in the United States.

The move had some in the U.S. ag industry on edge. The Economic Times reports the pushback may have played into the Administration’s decision to step back.

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The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
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