U.S. to Hit Chinese Ships With Hefty Port Fees - WSJ
The proposal also mandates that a certain amount of U.S. exports are moved on U.S.-flagged and U.S.-built vessels. It seeks to restrict 1% of U.S. exports this year to vessels run by U.S. operators. The restriction would increase over time so that in seven years, 15% of exports would need to move on U.S.-flagged vessels, including 5% on U.S.-built vessels.
So many bad ideas.
February 24, 2025