U.S. to impose port fees on Chinese-built ships starting October

shipping containers import export tariffs_Photo by Ralf Gosch via AdobeStock_91592445.png

Photo by Ralf Gosch via Photo by Ralf Gosch via AdobeStock

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.

LATEST STORIES BY THIS AUTHOR:

RFD-TV News contributor Roger McOwen covers important topics in ag law and taxation, including FBAR, Read Before Signing, Reporting 4-H Income, and Attorney-Client Privilege.
A five-year-old in Etheridge, Tennessee, lost his life in a grain auger. His mother shares her story to ensure that other farm families do not have to endure that pain. RFD-TV’s own Tammi Arender reports.