US, China Impose New Port Fees Amid Trade Tensions
The United States and China are imposing new port fees as trade tensions rise.
President Donald Trump is set to meet with Chinese President Xi Jinping this month, and many investors hope they will lower the temperature.
Can we find some way to kind of coexist with China as we still are strategic rivals?
said Wendy Cutler, vice president of the Asia Society Policy Institute and former acting U.S.
- The US and China have imposed new port fees on each other's ships amid the threat of more tariff hikes.
- The fees are another import cost for businesses on top of duties.
We're in a pattern of escalation and now hopefully towards de-escalation
said Cutler. The port fees are part of escalating trade policies between the two countries.
Author's summary: Trade tensions between the US and China continue to rise with new port fees imposed.
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