China’s Cosco Says US Levies Risk Upsetting Global Shipping (1)

China’s largest shipping line said on Monday that the Trump administration’s plan to impose levies on Chinese vessels docking at US ports would erode stability in global trade and supply chains.

Cosco Shipping Corporation Ltd.’s response marked the first reaction by the Asian nation’s maritime sector, after the US put forward a planlast week to impose fees on Chinese-built and -owned ships. The proposal includes charges based on the volume of goods carried, on a per-voyage basis.

“These actions risk undermining the security, resilience, and orderly operation of global industrial and supply chains,” Cosco said in a statement. ...