After weeks of speculation, the U.S. Trade Representative says fees on Chinese-made ships are on the horizon.
Starting in October, the U.S. will charge Chinese-built ships and operators based on cargo volumes. This will not apply to ships arriving at U.S. ports empty or those on shorter trips.
The fee will be $50 per net ton and will increase by $30 each year over the next three years. Leaders at the Ag Transportation Coalition tell AgriPulse the final list of fees is better, but not good enough, warning the cost to ship commodities, like soybeans, could go up.
Related Stories
The Department of Agriculture officially has a new leader, and she is the second female Agriculture Secretary in history. Let’s find out what Brooke Rollins did on day one at the USDA.
“We can easily move this Food for Peace Program over to USDA. It’ll be more efficient, it’ll save taxpayers money, and more of the food will get to the people who need it the most.”
