A study by the German Institute for Economic Research found that Germany could benefit from planned US port fees on merchant ships built in China. The fees, set to be introduced in November, aim to curb China’s dominance in shipbuilding, citing national security concerns.
Impact on Trade
The study estimates that German exports to the US could rise by around 2% compared to a scenario without fees, as German freight fleets rely less on Chinese-built vessels than those of some competitors. In contrast, the US itself is expected to see a decline in imports and exports, with a 0.2% and 0.3% drop, respectively.
Other countries, such as Finland, Denmark, and Poland, are expected to be hit harder, with exports to the US falling by 5.0%, 4.4%, and 3.0%, respectively. Emerging economies like Costa Rica, Vietnam, and Pakistan may see their US-bound exports slump by nearly 9%. South Korea, on the other hand, could gain about 2%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
