The move adds to a series of tit-for-tat measures as leaders Donald Trump and Xi Jinping prepare for upcoming trade negotiations, News.Az reports, citing AP.
Vessels owned or operated by American companies or individuals, and ships built in the U.S. or flying the American flag, would be subjected to a 400 yuan ($56) per net ton fee per voyage if they dock in China, China’s Ministry of Transport said on Friday.
The fees would be applied on the same ship for a maximum of five voyages each year, and would rise every year until 2028, when it would hike to 1,120 yuan ($157) per net ton, the ministry said. They would take effect on Oct. 14, the same day when the United States is due to start imposing port fees on Chinese vessels.
China’s Ministry of Transport said on Friday in a statement that its special fees on American vessels are “countermeasures” in response to “wrongful” U.S. practices, referring to the planned U.S. port fees on Chinese vessels.
The ministry also slammed the United States' port fees as “discriminatory” that would “severely damage the legitimate interests of China’s shipping industry” and “seriously undermine” international economic and trade order.
China has announced a string of trade measures and restrictions before an expected meeting between Trump and Xi on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea that begins at the end of October. On Thursday, Beijing unveiled new curbs on exports of rare earths and related technologies, as well as new restrictions on the export of some lithium battery and related production equipment.
The port fees announced by Beijing on Friday mirrors many aspects of the U.S. port fees on Chinese ships docking in American ports. Under Washington's plans, Chinese-owned or -operated ships will be charged $50 per net ton for each voyage to the U.S., which would then rise by $30 per net ton each year until 2028. Each vessel would be charged no more than five times per year.
