China announced it will start charging U.S. ships for docking at Chinese ports starting Oct. 14, in response to U.S. fees on Chinese vessels. Fees are set at 400 yuan ($56) per net ton, matching U.S. charges. Industry experts predict increased costs for U.S. consumers and a decline in demand for U.S. exports.

The U.S. accounts for only 0.1% of global shipbuilding, compared to China’s 53.3%, leading to U.S. policies to charge Chinese-made ships docking at U.S. ports. China’s Ministry of Transport specified fees apply to U.S.-owned vessels with a 25% stake or more, as well as U.S.-flagged or Washington-made ships.

China’s port fee announcement follows expanded export restrictions and additions to the “unreliable entities” blacklist, including chip consulting firm TechInsights. Tensions between the U.S. and China persist despite recent Trump-Xi call and expected meeting in South Korea. Progress on TikTok deal unclear.

Industry experts warn of potential negative impacts on U.S. consumers and exporters due to increased costs for U.S. ships docking at Chinese ports. The ongoing tit-for-tat tariff escalation between the U.S. and China continues to strain relations, with no clear resolution in sight.

Read more at CNBC: China retaliates against U.S. port fees with charges on American ships