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re: US to impose fees of up to $1.5M per port call for ships made in China starting April 17th
Posted on 4/7/25 at 9:30 pm to John Barron
Posted on 4/7/25 at 9:30 pm to John Barron
0
Posted on 4/7/25 at 9:31 pm to Mid Iowa Tiger
Amazing what happens when the Biden Syndicate is removed from power.
Posted on 4/7/25 at 9:33 pm to John Barron
Did you keep reading?
quote:
On April 17th the U.S. Trade Representative's office is expected to impose fees of up to $1.5M per port call for ships made in China and for $500k to $1M if the ocean carrier owns a single ship made in China or even has one on order from a Chinese shipyard. ?? 1/
quote:
This would be horrible for jobs in and around those ports, and really bad for companies, both importers and exporters, using those ports. Huge extra costs will be incurred as trucks and trains run hundreds of extra miles to the main ports on each cost. 3/
quote:
The craziest part of the original proposal is a requirement that within 7 years 15% of U.S. exports must travel on a ship that's made in America and crewed by Americans. 5/
quote:
As the Trump Administration pursues the noble goal of re-industrializing the United States, passing a pass a rule simultaneously that limits U.S. exports as a function of American made ships—ships that today that will hamstring exporters would be a true self-own. 11/.
quote:
Given what just happened with the new tariffs tanking global equities markets, it would be crazy for the USTR to go through with this rule. If we want the U.S. to be competitive in global manufacturing, we need world-class port infrastructure and logistics connectivity. /12
quote:
In the meantime, U.S. manufacturers who have just had massive new tariffs placed on components and machinery sourced from abroad should brace themselves for impact because all indications are that this rule is coming on April 17th. /end
Posted on 4/7/25 at 9:36 pm to SlowFlowPro
quote:
Did you keep reading?
Yes. I posted the other tweets because some people don't have Twitter and can't see them
Posted on 4/7/25 at 9:39 pm to Slevin7
POTUS hates the free market. This crusade to bring back jobs from the 40s and 50s is stupid.
Posted on 4/7/25 at 9:39 pm to Slevin7
Here’s a few of the findings:
Exports would decline by up to $21.4 billion, worsening the U.S. trade deficit. Industries that rely on cost-effective shipping, including manufacturing, retail and agriculture, would experience higher costs and lose the ability to remain competitive.
USTR’s proposed remedies would increase shipping costs by 8% to 14%, leading to higher prices for imported goods, according to the new study.
More than 60% of U.S. imports rely on maritime shipping, meaning increased costs would affect nearly all industries.
Supply chain delays would worsen, impacting retailers, manufacturers and distributors.
Port traffic could decline by up to 11%, as shipping companies reroute through Canada or Mexico to avoid fees. As a result, U.S. warehousing and trucking jobs would be lost due to reduced port activity and the price of everyday goods would rise due to supply chain disruptions.
Exports would decline by up to $21.4 billion, worsening the U.S. trade deficit. Industries that rely on cost-effective shipping, including manufacturing, retail and agriculture, would experience higher costs and lose the ability to remain competitive.
USTR’s proposed remedies would increase shipping costs by 8% to 14%, leading to higher prices for imported goods, according to the new study.
More than 60% of U.S. imports rely on maritime shipping, meaning increased costs would affect nearly all industries.
Supply chain delays would worsen, impacting retailers, manufacturers and distributors.
Port traffic could decline by up to 11%, as shipping companies reroute through Canada or Mexico to avoid fees. As a result, U.S. warehousing and trucking jobs would be lost due to reduced port activity and the price of everyday goods would rise due to supply chain disruptions.
Posted on 4/7/25 at 9:39 pm to SlowFlowPro
This is the Navigation Acts that free trader Adam Smith supported. He stated they were “perhaps the wisest of all the commercial regulations of England.”
Posted on 4/7/25 at 9:40 pm to Hookah
quote:
is stupid.
Your post.
Posted on 4/7/25 at 9:40 pm to John Barron
This may be the first time I've seen you be critical of Trump.
So you think this is a bad plan, or were just posting people explaining it was a bad plan?
So you think this is a bad plan, or were just posting people explaining it was a bad plan?
Posted on 4/7/25 at 9:41 pm to Figgy
quote:
I’ve posted about this multiple times. There’s a 38 page analysis of the impacts. It isn’t an enjoyable read. shite gets really bad. There are 30 some odd trade organizations that signed off on it.
Your basic ECON 3000 level college course used to teach what would actually happen.
Posted on 4/7/25 at 9:41 pm to SlowFlowPro
Lol
Posted on 4/7/25 at 9:42 pm to BCreed1
quote:
This is the Navigation Acts that free trader Adam Smith supported. He stated they were “perhaps the wisest of all the commercial regulations of England.”
I know you're obsessed with Adam Smith, but he was just the first of many people who wrote of capitalism. A foundational work with a deep understanding of economics of his time, but a limited understanding of modern economies. Wealth of Nation is more a philosophical text than a modern economic one.
There is so much more economic literature with real data and not just philosophy.
Posted on 4/7/25 at 9:43 pm to John Barron
Jeezus John Barron Bot X Spamming Mofo.
Posted on 4/7/25 at 9:44 pm to SlowFlowPro
quote:
This may be the first time I've seen you be critical of Trump.
How is posting the full tweet so people without Twitter can read it completely being critical of Trump? I have also been critical of Trump in the past with the H-1B Visa issue. Some of you guys are very strange
Posted on 4/7/25 at 9:45 pm to John Barron
quote:
How is posting the full tweet so people without Twitter can read it completely being critical of Trump?
Did you read what was in the tweets?
Posted on 4/7/25 at 9:48 pm to rickgrimes
This is great!!!!!!
The world is taking notes.
The world is taking notes.
Posted on 4/7/25 at 9:49 pm to SlowFlowPro
quote:
I know you're obsessed with Adam Smith
Milton referred to him as his mentor.
I'm not obsessed with him. I find it hilarious that you guys tout him on free trade, but you leave out the other things. Like this.
Do you know what the results were of that act? Dominance by England. It crushed the Dutch.
-Required that all goods imported into England and its colonies be carried on English ships. Sounds like this doesn't it.
-By restricting trade to English ships, the Acts aimed to increase the proportion of goods carried by English shipping and wean English importers away from reliance on the Dutch.
quote:
A foundational work with a deep understanding of economics of his time, but a limited understanding of modern economies.
LOL
Posted on 4/7/25 at 9:51 pm to BCreed1
quote:
I'm not obsessed with him. I find it hilarious that you guys tout him on free trade,
How often have you seen me directly reference Adam Smith?
quote:
LOL
As I said, it's more a work of philosophy than an academic work on economics relying on data and science.
Posted on 4/7/25 at 10:06 pm to rickgrimes
This is aimed at one person
China owns Turtle
quote:
James Si-Cheng Chao is a Chinese businessman, philanthropist, and former sea captain. He is the founder of the shipping company Foremost Group. He is also known as the father-in-law of US Senator Mitch McConnell.
quote:
Chao founded Foremost Group, a shipping, trading and finance conglomerate based in New York. Chao has led the global shipping industry in incorporating "greener", more environmentally friendly designs and technology into his company's fleet of new vessels, some of the world's largest bulk carriers. In 2004, Chao was inducted into the International Maritime Hall of Fame at the United Nations in recognition of his long-standing service and dedication to the international maritime trading industry.
China owns Turtle
Posted on 4/7/25 at 10:09 pm to SlowFlowPro
quote:
quote:
I'm not obsessed with him. I find it hilarious that you guys tout him on free trade,
How often have you seen me directly reference Adam Smith?
You've been in threads....
But let's get to the heart of the topic. If we are to be self sustaining in critical needs, we are going to need ships to carry cargo. There is a price we pay for the shipping by using Chinese ships.
I have no problems with the US cargo business expanding.
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