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.
The Hutchison Whampoa group, parent of Hutchison Port Holdings (HPH), has denied a report in the Far Eastern Economic Review that China is trying to limit HPH’s role in developing ports in the country.
Quoting Cai Guan, editor of a monthly magazine published by the state-run China Ports Association, the report said the Ministry of Communications had instructed local authorities in several coastal cities to limit HPH’s role in container ports.
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