A proposed 25 percent tariff on Chinese-made port cranes has been met with strong opposition from U.S. port authorities and terminal operators, who warn of unintended negative consequences such as reduced port efficiency, higher consumer prices, and a weakened national economy. The tariffis set to take effect on August 1st,
At least 35 STS cranes are currently on order across the country, with an average cost of $15 million each, leading to unanticipated costs to port operators of at least $131.5 million, according to the operators.
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