US Ports Warn White House of ‘Grave’ Economic Risks With China Crane Tariff ( www.bloomberg.com )
US ports are urging the Biden administration to reconsider a proposed 25% tariff on Chinese-made cranes, arguing it will increase costs by over $130 million and hurt their competitiveness. They argue there are no alternatives to Chinese cranes and the tariff will negatively impact efficiency, capacity, and the overall economy....