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 production of standard dry freight boxes has come to a virtual halt in China as the global economic slowdown has seen orders dry up in the fourth quarter.
Early this month, China International Marine Containers (CIMC), the world’s largest container manufacturer, confirmed to the Shenzhen Stock Exchange that it has suspended all standard box production due to lack of demand.
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This complete item is approximately 400 words in length, and appeared in the December 2008 issue of WorldCargo News, on page 1. To access this issue download the PDF here.
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