Journal Bites 🍪 5 Minute Explanation of New USA Port Tariffs
Understand that new tax implications will effect 'made-in-China' vessels seeking to dock at USA ports. These changes are taking effect and a brief description is included here plus link to the source.
New USA Port Tariffs on Chinese Vessels
The US seeks to disincentivize use of Chinese shipping and trigger a Made-In-USA boom by levying taxes on freight destined to US ports when loaded aboard Chinese-made vessels.
#supplychain #news #logistics #supplychainchallenges
The proposed fees rollout:
First 180 days fees = zero.
After the first phase the fees:
= apply to net tonnage.
= per each voyage.
= increase yearly.
= apply to Chinese owned and operated vessels.
The fees amount to:
= $50/NT (net tonnage)
= increase $30/NT yearly
= for three years.
Also included in the plans:
New taxes on …
1. Containers
2. Auto-Carriers
3. Bulk LNG Carriers
#supplychain #shipping #globaltrade #trendusa
💲Fees on net tonnage of containers 🚢🚋🚋🚋
= apply per container
= start at $18/NT or approx $120 per container
= increase over three years
= increase $5/NT per container yearly
💲Fees on foreign-built car carrier vessels 🚢🚗🚙🛻
= based on their capacity
= start in 180 days
= start at $150 per car equivalent unit (CEU)
= apply to vehicles on non-US built vessels
#supplychain #globaltrade #trendusa #shipping
Total Cost Increase Estimates:
New port taxes when shipping to USA 🇺🇸 aboard a Chinese-made 🇨🇳 vessel:
🚢 Per vessel cost increase is estimated up to💲…
$1.5 million USD each trip.
Fees (tax) are only applied once.
No double-dipping. Stacking limit applies to this tax.
Vessels are invoiced once per applicable tax per trip to the USA.
#supplychain #shipping #trendusa #globaltrade