Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Oil declines as US-Iran nuclear talks struggle

May 20, 2025

Habeas corpus gives Trump right ‘to remove people’

May 20, 2025

S&P 500’s win steak may end — but, our newest stock gets a double-dose of good news

May 20, 2025
Facebook X (Twitter) Instagram
Tuesday, May 20
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Chinese crane maker raises questions over US tariff plans: ‘not a real remedy’
Business

Chinese crane maker raises questions over US tariff plans: ‘not a real remedy’

adminBy adminMay 20, 2025No Comments1 Min Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 3


A leading Chinese manufacturer has taken the rare step of publicly criticising US plans to hike tariffs on made-in-China cranes, warning that the proposal would only raise costs for American ports.

Shanghai Zhenhua Heavy Industries – China’s top producer of container gantry cranes – denied it was a threat to US national security in comments submitted to the Office of the US Trade Representative (USTR) on Monday, adding that levies on Chinese products would not help revive American manufacturing.

China’s ship-to-shore cranes “pose no alleged cybersecurity risk, and the proposed tariffs are not a legitimate remedy”, it said in the statement.

The company’s comments come amid growing industry backlash against the US trade office’s proposal to slap a 100 per cent tariff on Chinese-made cranes, which has also provoked criticism from a major US ports association.

USTR first proposed the levy in late April, along with new duties of 20 per cent to 100 per cent on containers and chassis made in China.

The measures are part of Washington’s broader push to revive US manufacturing and push back against China’s dominance in the maritime sector, which has also seen the introduction of steep port fees targeting Chinese-linked vessels.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

HKMA warns borrowers that Hibor could bounce back after hitting near 3-year low

May 20, 2025
Business

Alibaba.com sees jump in US buyer activity after US-China tariff truce

May 20, 2025
Business

China smartphone exports to US, including Apple’s iPhone, dive to lowest since 2011

May 20, 2025
Business

Nvidia CEO Jensen Huang calls US ban on H20 AI chip ‘deeply painful’

May 20, 2025
Business

Tech war: Xiaomi’s new 3-nanometre chip takes on rival products from Apple, Qualcomm

May 20, 2025
Business

Indonesia, Vietnam industrial property demand to rise on US-China tensions: Knight Frank

May 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Improving tax-to-GDP ratio crucial to ease Pakistan debt burden: FBR official – Business & Finance

May 20, 2025

Net-metering connections: govt plans to digitalise process with new online portal – Markets

May 20, 2025

Noor Mukadam case: SC upholds Zahir Jaffer’s death sentence – Business & Finance

May 20, 2025

Pakistan’s GDP grows 2.4% in Jan-Mar: NAC – Pakistan

May 20, 2025
Latest Posts

Stocks, dollar drop after US loses last triple-A credit rating – Newspaper

May 20, 2025

Pakistan hopeful of getting $350m loans from UAE banks – Business

May 20, 2025

Profit repatriation jumps to $1.8bn – Business

May 20, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Oil declines as US-Iran nuclear talks struggle
  • Habeas corpus gives Trump right ‘to remove people’
  • S&P 500’s win steak may end — but, our newest stock gets a double-dose of good news
  • Brent crude extends gains on concerns about collapse in US-Iran nuclear talks
  • EU to impose US$2.25 fee on cheap parcels, mostly from China

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Oil declines as US-Iran nuclear talks struggle

May 20, 2025

Habeas corpus gives Trump right ‘to remove people’

May 20, 2025

S&P 500’s win steak may end — but, our newest stock gets a double-dose of good news

May 20, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.