financetom
Business
financetom
/
Business
/
US eases some penalties tied to foreign-built ships, toughens others
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US eases some penalties tied to foreign-built ships, toughens others
Oct 10, 2025 5:59 PM

(Reuters) -The United States Trade Representative's office said on Friday it would modify certain maritime-related fees for foreign-built vehicle carriers and liquefied natural gas vessels ahead of port fees on China-linked ships slated to go into effect next week.

USTR said in a statement that fees on operators of foreign-built vehicle carriers would be $46 per net ton, effective on October 14. That is below a fee of $150 per net ton originally proposed in April, seen by the industry as prohibitive, but well above an adjusted fee of $14 per net ton proposed on June 12.

USTR also is eliminating, retroactive to April 17, a provision permitting the suspension of liquefied natural gas (LNG) export licenses if certain restrictions on the use of foreign-built vessels were not met. And it added a carve-out from fees for certain ethane and liquefied petroleum gas (LPG) carriers under long-term charter arrangements.

USTR in February proposed the actions to counter China's rising maritime dominance and to restore American shipbuilding. But its original proposals were largely watered down amid pressure from industry, which called them overly punitive and said they would have stifled a U.S. shipbuilding revival.

The move came on the same day as Beijing retaliated against U.S. port fees taking effect on Wednesday for China-built, owned or operated vessels. China said it would impose levies on calls by ships built or flagged in the United States, or owned by companies with at least 25% of their shares or board seats held by U.S. investment funds.

CRANE, CARGO EQUIPMENT TARIFFS

USTR also said it would impose 100% tariffs on certain ship-to-shore cranes from China and some cargo-handling equipment, including intermodal chassis for trucks hauling containers. The agency reaffirmed it would not impose tariffs on ship-to-shore cranes ordered before April 17.

USTR said it has decided not to impose duties on intermodal shipping containers due to the potential impact on domestic carriers.

USTR also proposed further modifications to its action taken in April, imposing additional tariffs of up to 150% on certain cargo-handling equipment, including rubber-tire gantry cranes, and components of such equipment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Genpact beats Q3 revenue estimates
Genpact beats Q3 revenue estimates
Nov 6, 2025
Overview * Genpact ( G ) Q3 revenue grows 6.6% yr/yr, beating analyst expectations * Adjusted EPS for Q3 beats consensus, rising 14.1% yr/yr * Advanced Technology Solutions revenue grows 20% yr/yr, driving overall results Outlook * Genpact ( G ) sees Q4 net revenues between $1.298 bln and $1.311 bln * Company expects Q4 adjusted diluted EPS between $0.93...
Fidus Investment Q3 total investment income falls on lower dividend, fee income
Fidus Investment Q3 total investment income falls on lower dividend, fee income
Nov 6, 2025
Overview * Fidus Q3 total investment income falls 2.9% yr/yr to $37.3 mln * Net investment income decreases 18.9% yr/yr to $17.4 mln * The lower middle-market BDC declares Q4 dividends totaling $0.50 per share Outlook * Company has a strong pipeline of new investments and add-ons in existing portfolio companies * Fidus intends to maintain a portfolio structured for...
Assured Guaranty's Q3 net income falls, premiums rise
Assured Guaranty's Q3 net income falls, premiums rise
Nov 6, 2025
Overview * Assured Guaranty ( AGO ) Q3 net income was $105 mln, down from $171 mln last year * Gross written premiums rose 23% yr/yr to $75 mln in Q3 2025 * Company increased share repurchase authorization by $100 mln on November 5, 2025 Outlook * Company did not provide specific future guidance Result Drivers * GROSS WRITTEN PREMIUMS...
Archer To Acquire Los Angeles Airport As Strategic Air Taxi Network Hub and AI Testbed
Archer To Acquire Los Angeles Airport As Strategic Air Taxi Network Hub and AI Testbed
Nov 6, 2025
Archer Announces Third Quarter Results, Highlighting Additional $650M in Fundraising, Recent Record Flight Test Milestones, Closing of Lilium Patent Portfolio Acquisition & Continued Strong Global Demand Signed definitive agreements to acquire control of one-of-a-kind aviation asset in LA, Hawthorne Airport, for $126M* in cash. The airport is located in the heart of the City, less than three miles from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved