12-July-2025
Corporate News
 
US Port Operators Seek to Mitigate Hefty Expected Tariffs on China-Built Port Cranes
12-Jul-2025

U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. The United States Trade Representative (USTR) earlier this year proposed tariffs of up to 100% on those cranes after China devoured market share in its bid to dominate maritime manufacturing as well as commercial and military dominance on the seas. China, via state-owned Shanghai Zhenhua Heavy Industries (ZMPC), now commands the global market and has supplied some 80% of the ship-to-shore cranes in the United States.

News Source:- https://money.usnews.com/investing/news/articles/2025-07-11/us-port-operators-seek-to-mitigate-hefty-expected-tariffs-on-china-built-port-cranes