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International Business Times
International Business Times
Business

US–China Trade War Expands to the Seas With New Port Fees on Each Other's Ships

United States China Scott Bessent
A tourist holds a Vietnamese flag as people watching the sunrise from the summit of Mount Fuji early on August 15, 2022, some 70 kilometres (43 miles) west of the capital Tokyo.

The long-running trade battle between the United States and China is now making waves at sea.

Starting today, both countries will begin charging new port fees on each other's ships, escalating tensions and adding more costs to global shipping.

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