In a recent development, China's Ministry of Commerce has voiced strong opposition to the United States' proposal to impose port fees on Chinese vessels. The ministry warned that such measures could severely disrupt global supply chains and have adverse effects on the U.S. economy and employment.
He Yadong, spokesperson for the Ministry of Commerce, addressed the issue during a press conference, highlighting the potential ripple effects of the U.S. Office of the United States Trade Representative's (USTR) proposed fees. He emphasized that increased port fees would raise global shipping costs, undermining the stability of international trade routes.
The spokesperson further cautioned that these fees could lead to higher inflation within the United States by increasing the cost of goods. This, in turn, could weaken the competitiveness of U.S. products on the global market, negatively impacting both consumers and businesses domestically.
The USTR announced on February 21 that it is seeking public comments on its Section 301 investigation into China's maritime, logistics, and shipbuilding sectors. He Yadong criticized this move as an act of unilateralism and protectionism, arguing that it violates World Trade Organization (WTO) rules.
China has called on the United States to adhere to factual evidence and multilateral regulations, urging a halt to what it describes as a misguided approach. The ministry assured that China is closely monitoring U.S. actions and is prepared to take necessary measures to protect its legitimate rights and interests.
Reference(s):
China: U.S. proposal to levy port fees on Chinese ships could backfire
cgtn.com
