The Trump administration has introduced a significant new measure in its ongoing global trade conflict, proposing levies of up to $1.5 million on Chinese-made ships arriving at U.S. ports. These fees would also apply to vessels operated by carriers with Chinese ships in their fleets, potentially increasing costs for a wide range of imported goods.
This move aligns with the “America First” policy, aiming to reduce reliance on Chinese vessels and revive the domestic shipbuilding industry. However, it could conflict with President Trump’s promises to combat inflation, as nearly 80% of U.S. foreign trade by weight is transported by ship, yet less than 2% is carried on American-flagged vessels.
The proposal is part of a broader effort to isolate China and decrease U.S. dependence on its industry, reflecting a shift from globalization towards self-sufficiency. This plan follows an investigation initiated during the Biden administration into the dominance of the Chinese shipping industry, spurred by a petition from labor unions.
— news from The New York Times