THE American Association of Port Authorities (AAPA) has voiced strong opposition to new US tariffs on port equipment and shipping, warning that such measures would “cause America’s ports to slow modernization and fall further behind competitors.”
The Office of the US Trade Representative (USTR) on 10 October announced modifications to a series of tariff actions proposed earlier this year, including “tariffs of 100 per cent on certain ship-to-shore (STS) cranes and cargo handling equipment.” In response, AAPA President and CEO Cary Davis told business magazine Recycling Today that “tariffs on key equipment will not lead to a manufacturing boom; they will only make shipping goods through US ports more costly.”
“The seaport industry is challenged by yet more taxes on the equipment necessary for supply chain expansion and resilience,” Davis said. “Ports large and small struggle to finance large, modern, worldclass equipment like cranes when government policies double the price overnight. The choice is between affordable equipment or lagging behind.”
Xinhua
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