Proposed Port Fees for Chinese Ships May Hit US Maritime Industry
A proposed US trade measure has sparked widespread concern in the shipping industry. It would impose million-dollar levies on Chinese ships docking in the US. Critics argue it will divert trade away from US hubs but supporters say it will curb China's dominance in shipbuilding and logistics. John Wobensmith, the CEO of the drybulk shipping company Genco joined Bloomberg Open Interest to talk about the impact of levies and how President Trump's tariffs could ultimately raise prices for consumers. (Source: Bloomberg)
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