Trade War Between US and China: New Tensions Begin

Trade War Between US and China: New Tensions Begin

Fərid Əlizadə · İqtisadiyyat ·

The trade war between the US and China is entering a new phase, this time with a struggle over port fees that will further increase tensions at sea. This step is being taken by both countries with the desire to protect their economic interests and strengthen competition. This tension, by increasing uncertainty in world trade, could create additional problems for maritime transport and the global economy.

Redaksiya reports that the US has started charging Chinese ships for fuel and other services in its ports. This move is a response to China's trade policy and opens a new front in the trade war. According to "The New York Times," this US action means that Chinese ships will have to pay for fuel and other services in US ports. At the same time, China is also preparing to take similar measures against US ships.

Against the backdrop of this tension, shares of Chinese chip manufacturer WingTech lost 10% of their value after news that its subsidiary, Nexperia, came under the control of the Dutch government. According to CNBC, this event indicates political risks that could affect the activities of Chinese companies in foreign countries. "Lloyd's List" reports that the US decision regarding port fees could cover a wide range of Chinese vessels. This could create additional difficulties in the maritime transport sector and disrupt trade flows. These steps further harden the positions of both countries in the trade war and could lead to more economic tension in the future.