China retaliates against U.S. port fees with new charges on American ships
China retaliates against U.S. port fees with new charges on American ships
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China retaliates against U.S. port fees with new charges on American ships
The move comes a day after China ramped up restrictions on rare earths exports amid ongoing tensions with the U.S.
- China on Friday announced that starting Oct. 14, it will start charging U.S. ships for docking at Chinese ports.
- The move was a direct response to similar U.S. port fees on Chinese ships set to take effect the same day.
- The U.S. only accounts for 0.1% of global shipbuilding, versus 53.3% for China, according to the Center for Strategic and International Studies.