US ports and marine terminals oppose a proposed 25% tariff on Chinese-made STS cranes due to efficiency, cost, and economic concerns.
US ports and marine terminals oppose a 25% tariff on Chinese-made ship-to-shore (STS) cranes, as it may lead to reduced port efficiency, higher consumer prices, and a weaker national economy. The tariff, set to increase from zero on August 1, targets Chinese manufacturers, but critics argue there are no U.S. manufacturers of STS cranes, and the tariff could negatively impact all U.S. ports.
July 04, 2024
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