USTR exempts STS crane orders arriving by May, 2026 from 25% tariff
NewsUnder new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.
With China’s economic expansion boosting demand for shipping, Shanghai is poised to overtake Rotterdam this year as the world’s largest bulk port, according to Lu Haihu, chief executive of the Shanghai International Port Group (SIPG).
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