Trump drafting EO to levy China linked ships visiting American port, levy up to $1.5 million per shi

[human1234]

Trump drafting EO to levy China linked ships visiting American port, levy up to $1.5 million per ship per visit. Urge allies to do the same.

Notes that this executing order being drafted so far does not clarify any exception for where ship is flagged, nationality of crews or company ownership. 71% of all ship building order in 2024 is from China. In the same year, 21% of all vessels calling at US ports were built in China. Aside from being massive indirect tariffs on anything going to US from abroad, USA exports using China built ships such as coal, agricultural products, construction and manufactured goods will also be severely impacted. Xcoal Energy and Resources CEO, Ernie Thrasher, said delivery cost for coal to international market may go up by 35%, effectively price out US coal in international market. 

 

https://www.reddit.com/r/StockMarket/s/AEE0eOATSx