{"id":35205,"date":"2024-07-04T04:02:51","date_gmt":"2024-07-04T08:02:51","guid":{"rendered":"https:\/\/ckms.ca\/?p=35205"},"modified":"2024-07-04T04:02:51","modified_gmt":"2024-07-04T08:02:51","slug":"us-ports-warn-white-house-of-grave-economic-risks-with-china-crane-tariff","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=35205","title":{"rendered":"US Ports Warn White House of \u2018Grave\u2019 Economic Risks With China Crane Tariff"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/blog.ckms.ca\/wp-content\/uploads\/2024\/07\/1200x965.jpg\" alt=\"\" width=\"306\" height=\"246\" \/><span style=\"font-size: inherit;\">Tariffs, most economists would agree, act to restrict imports of the item targeted by the border tax. A US tariff on Chinese-made port cranes will be indiscriminate \u2014 hurting exports as well as imports, and boosting costs for the government, companies and consumers.<\/span><\/p>\n<p>Source: <em><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-07-01\/supply-chain-latest-us-tariff-on-chinese-made-port-cranes\">US Ports Warn White House of \u2018Grave\u2019 Economic Risks With China Crane Tariff<\/a><\/em><\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>fta; highlights mine.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>In letters to the US Trade Representative Katherine Tai last week, ports in California, Florida, South Carolina, Texas and Virginia <strong><em>said there are no viable alternatives to Chinese cranes.<\/em><\/strong>\u00a0<br><br>The association said that it knows of <strong><em>seven domestic ports that are under contract to buy at least 35 Chinese ship-to-shore cranes.<\/em><\/strong> Using an average price per crane of $15 million, the tariff will create <strong><em>additional costs to the port operators totaling $131.3 million<\/em><\/strong>, the association said. That means the tariffs will either discourage expansion plans or force cuts to existing projects, it said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Tariffs, most economists would agree, act to restrict imports of the item&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282],"tags":[150,18,2008,57],"class_list":["post-35205","post","type-post","status-publish","format-standard","hentry","category-article","tag-china","tag-economics","tag-tariffs","tag-usa","wpcat-282-id"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/35205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35205"}],"version-history":[{"count":2,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/35205\/revisions"}],"predecessor-version":[{"id":35208,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/35205\/revisions\/35208"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}