Multibillion US farm, protein trade face choppy waters over ship fees

The New US Trade Representative’s action targeting China’s maritime dominance could pose significant challenges to US agricultural exports, as grains, oilseeds and proteins face steep cost hikes and trade flow shifts, according to industry sources. Announced April 17, Section 301 will impose service fees on Chinese ships from Oct. 14, escalating to $1.5 million per …

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