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.
Xiamen investing for the future
China’s Xiamen Port Authority (XPA) plans to invest Yuan14B (US$2.2B) over the next five years to upgrade infrastructure and expand handling capacity in order to attract more international companies to invest in the city’s ports.
The expansion is necessary to allow Xiamen to compete with larger Chinese ports, such as Ningbo, Tianjin and Shenzhen, which is ever more apparent in the light of shrinking export volumes as demand from the US and Europe has weakened, said XPA director Cai Liangya.
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This complete item is approximately 200 words in length, and appeared in the November 2011 issue of WorldCargo News, on page 33. To access this issue download the PDF here.
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