World World: The Office of the US Trade Representative (USTR) will announce its plan to impose port fees on ships belonging to China on Thursday. According to USTR, this step has been taken after China used unprofessional policies in global shipping.
However, this plan has been opposed by the global shipping industry, domestic port operators, and US exporters. Concerns are being raised about the impact of shipping fees on the global supply chain.
CEOs of various US ports and experts from the shipbuilding industry have warned that this fee will have a negative impact on American investment and employment.
