US exporters face vessel shortages due to proposed fees

U.S. exporters are facing challenges due to new shipping fees proposed by former President Trump. The fees would apply to vessels linked to China that enter American ports. This plan aims to boost U.S. shipbuilding but is creating problems for exporters. The proposed fees could reach up to $1.5 million per ship. This plan is part of a draft executive order and a broader strategy by the U.S. Trade Representative. The concern is that these charges will limit access to ships that are vital for transporting various products, including agricultural goods and energy resources. As a result, U.S. coal inventories are building up. The agricultural sector is already struggling with uncertainty. Exporters and transportation providers have voiced their worries through interviews and letters to U.S. officials. They are also preparing for hearings with the U.S. Trade Representative next week. Overall, the new fees could significantly impact the flow of goods from the U.S. to global markets.