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.
Hong Kong-listed PYI Corp has paid Yuan149M (US$22M) to acquire a 51% stake in Yichang Port Group (YPG), which operates 57 berths on the Yangtze River in China’s Hehei province. The three existing state-owned investors in YPG will retain the remaining 49%of the shares.
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