“The proposed actions will impose much increased transport costs on US imports and exports and have negative effects on the wider US economy,” BIMCO’s deputy secretary general and director of regulatory affairs Lars Robert Pedersen wrote in a letter submitting feedback to the plans. “Their impact on Chinese dominance is much less certain.” #shipping #ships #china #shipbuilding #maritime #merchantmarine #jonesact #usflag #trade #ports #agriculture #energy #mining #logistics #supplychain #transportation #finance ITFA
Shipping Trade Group Says Trump Port-Fee Plan Will Hurt US A plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the US economy and may fail to reverse China’s shipbuilding dominance, a top shipping trade group said. https://lnkd.in/gU8dXb-F