China's Warning on U.S. Port Fees Proposal
On Thursday, China's commerce ministry expressed strong concerns regarding the recent proposal by the United States to impose fees on Chinese ships entering U.S. ports. The ministry stated that such actions could lead to significant disruptions in global supply chains, potentially causing negative effects on the U.S. economy and job market.
He Yadong, a spokesperson for the commerce ministry, shared these views during a press conference while addressing the proposal from the Office of the United States Trade Representative (USTR). He indicated that charging fees on Chinese vessels would not only increase the costs of shipping globally but also undermine the stability that is crucial for maintaining effective international supply chains.
According to Yadong, these proposed port fees could result in rising inflation within the United States, harm the competitive edge of U.S. goods in the global market, and ultimately hurt American consumers and businesses.
The USTR had announced on February 21 its plans to seek public comments on potential actions stemming from an ongoing Section 301 investigation. This investigation focuses on China's maritime, logistics, and shipbuilding sectors and includes the controversial port fees.
Yadong criticized the U.S. Section 301 investigation, labeling it as an example of unilateralism and protectionism that violates World Trade Organization (WTO) regulations. He called on the United States to acknowledge the facts and adhere to multilateral rules instead of pursuing a misguided course of action.
Furthermore, he indicated that China would be closely monitoring the developments from the U.S. and would take necessary measures to protect its legitimate rights and interests in response to any actions it deems unfavorable.
China, US, Ports