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 government reopens after 43 days. USDA resumes key reports, weighs farm aid, and watches China’s next move on U.S. soybean purchases.
RealAg Radio host Shaun Haney shares insights from a recent study, discusses EV market access in Canada, and highlights other market opportunities top of mind for Canadian producers.
Iowa Ag Secretary Naig recaps discussions surrounding a potential federal aid package for farmers and shares insights on producer sentiment in the Heartland.
Winter weather will challenge livestock producers working to rebuild their herds despite harsh conditions.
Enforceable origin labels could create clearer premiums for U.S. cattle and address concerns some producers have had with competition from foreign imported beef.
