In an unexpected twist, the US government has rolled out new Section 301 restrictions targeting shipping operators and global fleets featuring vessels built in the Chinese mainland. 🚢💥 Though the move might seem minor at first glance, its ripple effects are already being felt across the globe.
The additional fees are expected to push up costs for American importers and everyday consumers, while congesting major US ports and straining logistics networks. It’s like that plot twist in a hit movie where one small change sets off a chain reaction—disrupting operations at every turn and challenging the resilience of global supply chains.
Reference(s):
Section 301 curbs to worsen US inflation, disrupt global supply chains
cgtn.com
