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  • 2 days ago
China announced new port fees on American ships set to go into effect the same day as US port fees on Chinese ships, part of the latest tit-for-tat in trade tensions between the two countries.
Transcript
00:00China has announced it will begin charging additional port fees for U.S.-owned, operated,
00:06built or flagged ships starting Tuesday.
00:09The tit-for-tat move follows U.S.-imposed fees on Chinese ships docking at U.S. ports
00:14that go into effect that same day.
00:16Both sides have laid out roadmaps where fees would increase until April of 2028.
00:20It's the latest escalation in trade tensions between the two countries, including new Chinese
00:25export controls on rare earths and a threat from U.S. President Donald Trump to impose
00:29additional 100% tariffs on Chinese goods.
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