Reported about 12 hours ago
Gulf Coast ports are expressing concern over new U.S. tariffs on Chinese-made container cranes, which could dramatically increase costs and hinder future projects. Port Houston faces an estimated $28.5 million in duties for eight cranes ordered for over $113 million, critical for enhancing port capacity. The 25% tariff, part of a broader trade strategy by the Biden administration, has prompted calls from port officials and industry groups for reconsideration to protect U.S. economic interests without jeopardizing port efficiency.
Source: YAHOO