US slaps sanctions on Chinese shipyards: Up to US$1.5 million fee per boxship

The United States is escalating its economic countermeasures against China’s maritime sector, specifically targeting the extensive network of Chinese shipbuilding facilities and the vast fleet of vessels built in these yards.

This strategic move comes in the wake of accusations against China for practices deemed unfair by international trade standards, including artificially suppressed labor costs, forced technology transfers, and intellectual property theft.