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👉 China applies "special port fee" of US$ 1.7 million to the first ship linked to the USA, in trade retaliation (Caixin Global)
The measure affected the American-flagged container ship Matson Waikiki, which docked at the Port of Shanghai
Chinese transport authorities confirmed to the Caixin news agency that the ship is responsible for the new fee, although it is still unclear if the payment has been made
This episode marks the latest retaliatory measure by China in response to the increasing trade restrictions imposed by Washington. Analysts see the measure as a sign that Beijing may extend its countermeasures beyond tariffs and investment controls to the maritime and logistical domain, potentially increasing transportation costs.
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