Friday, June 6, 2025
  • العربية
  • Français
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Opinion
  • About Us
  • Contact Us
  • Privacy Policy
  • Login
  • Register
No Result
View All Result
No Result
View All Result
Home @NYTimes

Trump Takes Aim at Chinese Shipping Amid Widening Trade War

March 3, 2025
in @NYTimes, Business
Reading Time: 3 mins read
0 0
A A
0
Trump Takes Aim at Chinese Shipping Amid Widening Trade War
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

New York Times - Business

https://static01.nyt.com/images/2025/02/26/multimedia/26chinaships-hpfz/26chinaships-hpfz-mediumSquareAt3X.jpg

Related posts

Trump and Musk Trade Threats, From Broaching Impeachment to Cutting Contracts

Trump and Musk Trade Threats, From Broaching Impeachment to Cutting Contracts

June 6, 2025
Shari Redstone Confirms Cancer Diagnosis While Facing Trump’s ‘60 Minutes’ Suit

Shari Redstone Confirms Cancer Diagnosis While Facing Trump’s ‘60 Minutes’ Suit

June 6, 2025

A new proposal would impose steep levies on Chinese-made ships arriving at U.S. ports, threatening to increase costs for imports.

The Trump administration has opened a broad new front in its global trade conflict, proposing to affix levies reaching $1.5 million on Chinese-made ships arriving at American ports.

Such fees would apply even on vessels made elsewhere if they are operated by carriers whose fleets include Chinese ships — an approach that risks increasing costs on an array of imported cargo, from raw materials to factory goods.

Given their potential to increase consumer prices, the levies could collide with President Trump’s promises to attack inflation. Nearly 80 percent of American foreign trade by weight is transported by ship, yet less than 2 percent is carried on American-flagged vessels, according to Gavekal Research.

As detailed on Friday by the Office of the United States Trade Representative, the proposal reflects the “America First” credo animating the Trump administration. It is engineered to discourage reliance on Chinese vessels in supplying Americans with products, while aiming to spur the revival of a domestic shipbuilding industry after a half-century of veritable dormancy.

Taken together with Mr. Trump’s expansive tariffs, the approach to shipping is a rebuke of the trading system constructed by the United States and its allies after World War II. Faith in the view of the world as a teeming marketplace has given way to hostility toward globalization in favor of the pursuit of self-sufficiency.

The proposal would advance the mission to isolate China while diminishing American reliance on its industry — a rare area of bipartisan consensus in Washington. The plan was the result of an investigation, started during the Biden administration, into the dominance of the Chinese shipping industry, in response to a petition filed by labor unions.

0 0 votes
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Opinion
  • About Us
  • Contact Us
  • Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • العربية
  • Français
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Opinion
  • About Us
  • Contact Us
  • Privacy Policy
  • Login
  • Sign Up
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply