US port fee plan could hammer US exports of petroleum and grain
- Port fees could exceed total freight costs for smaller bulk commodity ships
- Higher transport costs out of US could push buyers to competing sources
- In general, US exports appear much more at risk than US imports
The whole point of the US Trade Representative retaliation against China is to help America, specifically America’s shipyards. But the consequence could be ultimately negative for the US, due to the impact on exports
