China's Warning on U.S. Port Fees for Chinese Ships

China's Ministry of Commerce has issued a warning regarding the United States' proposal to impose fees on Chinese ships entering American ports. The ministry argues that such fees would have negative consequences for global supply chains and could ultimately harm the U.S. economy and job market.

During a press conference, ministry spokesperson He Yadong commented on the proposal made by the Office of the United States Trade Representative (USTR). He emphasized that if the U.S. proceeds with these port fees, it would likely increase global shipping costs. This increase could disrupt the stability of supply chains around the world.

He further noted that these fees could lead to rising inflation within the United States, decrease the global competitiveness of U.S. goods, and negatively affect American consumers and businesses.

On February 21, the USTR office announced it was seeking public comments on actions related to a Section 301 investigation into China's maritime, logistics, and shipbuilding sectors, which includes discussing the potential imposition of port fees.

The Section 301 investigation is characterized by some as unilateralism and protectionism, and according to He, it violates World Trade Organization rules. The Chinese government has called for the United States to respect international facts and regulations, urging it to avoid escalating tensions further.

Concluding his remarks, He stated that China would closely monitor the situation and take necessary steps to protect its rights and interests in the face of the proposed U.S. actions.

China, US, Trade, Economy, Shipping