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Billion-dollar US levies on Chinese ships risk ‘trade apocalypse’

Economic Times LogoEconomic Times2d ago

Billion-dollar US levies on Chinese ships risk ‘trade apocalypse’ - Economic Times

Quick Summary:

Critics argue the measures may harm the US economy more than they help the domestic shipbuilding industry.

China now produces more than half of the world's cargo ships by tonnage, up from just 5% in 1999, according to the USTR, with Japan and South Korea the other shipbuilding powers.

Firms would be penalized using a formula based on their fleet’s existing share of Chinese-built ships, as well as others on order.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 09:38:37 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 2430 words

Reading Time: 14 minutes read

Sentences: 69 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 27269555

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 9 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

Publisher Details

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The story "Billion-dollar US levies on Chinese ships risk ‘trade apocalypse’" was covered 2 days ago by Economic Times, a news publisher based in India.

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  • URL: https://beamstart.com/news/billion-dollar-us-levies-on-17427952107646

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