Trump Administration Reconsiders Port Fees on Chinese Ships

The Trump administration is reportedly reconsidering its controversial plan to impose steep port fees on ships manufactured in China, as revealed by the Wall Street Journal on Wednesday. Initially, the administration had proposed charges ranging from $500,000 to $1.5 million for each port call by these vessels.

Revised Fee Structure to Lessen Impact on US Exports

In a strategic shift, the revised fee structure will now be based on the capacity of the vessel, a move aimed at "lessen the impact on US exports." The exact timeline for the implementation of this revised plan remains unclear, leaving industry stakeholders in anticipation.