US and China escalate trade tensions with new port fee disputes and chip industry impacts
TL;DR Summary
The US and China are implementing reciprocal port fees on each other's vessels, escalating tensions in the ongoing trade war and potentially disrupting global maritime logistics, with China exempting Chinese-built ships and both nations aiming to weaken each other's dominance in shipping and logistics sectors.
- US, China to roll out tit-for-tat port fees, threatening more turmoil at sea Reuters
- The US and China are about to launch the next front in their trade war Politico
- U.S. Starts Charging Chinese Ships to Dock at Its Ports The New York Times
- China chipmaker WingTech plunges 10% after Dutch government takes control of subsidiary Nexperia CNBC
- US ownership clause of Chinese port fees could cast ‘wide net’ Lloyd's List
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