Reported 1 day ago
President Trump's initiative to boost U.S. shipbuilding may lead to increased costs for ocean transport operators and disrupt global supply chains, industry executives warn. Proposed port fees on vessels built in China could impose up to $30 billion in annual costs on American consumers and significantly raise shipping expenses for exports. Executives suggest that these policies may have unintended consequences, potentially clogging major U.S. ports and complicating logistics amidst a backdrop of an already strained shipping system.
Source: YAHOO