U.S.-China Port Fees Kick in Tuesday

There is a game of tit-for-tat happening between the U.S. and China. Beginning Tuesday, ships built in China, operated or owned by Chinese entities, will be forced to pay a fee at their first port of call in the United States. Ships carrying more than 10,000 containers could see fees top $1 million. China is responding by adding similar fees for U.S.-built ships or ships that fly the U.S. flag. China’s countermeasure also takes effect on Tuesday.