While the US government imposed a further US$200bn in trade tariffs on Chinese products, the American Association of Port Authorities (AAPA) was pleased to see port cranes were removed from the list.
Previously, at the US Trade Representative (USTR), the AAPA urged that the multi-million-dollar cranes that the US ports have on order and are considering purchasing from Chinese factories be exempt from tariffs.
Listed under line 8246.19 Harmonised Tariff of the US (HTSUS), port cranes have now been removed from the list and so these large cranes will not be subject to the newly announced tariffs.
Kurt Nagle, AAPA president and CEO, said: “Tariffs on these cranes, which cost upwards of $14m each, would have harmed the ports’ ability to make the investments necessary to handle the larger vessels now being used in ocean trade and hurt US international competitiveness.”
The impact of expanding Section 301 tariffs on cargo and equipment moving through American ports is already proving to be significant, according to Nagle.
He added that the total Section 301 tariffs on Chinese commodities and China’s response in retaliation responses, with the additional US$200bn, now covers about 10% of all trade which moves through America’s ports by value.
“Because trade supports everyone, AAPA is encouraging federal policymakers to work swiftly to restore market certainties and forge paths to expand US exports, rather than create new import restrictions,” Nagle said.