U.S. President Joe Biden has announced plans to impose 25% tariffs on Chinese-manufactured ship-to-shore (STS) cranes and other strategic sectors in a move to curtail China’s alleged unfair trade practices.
The increased tariff rates, due to take effect in 2024, are part of a broader strategy to safeguard American workers, companies, and supply chains.
The move also comes amid heightened concerns about the security of U.S. ports and potential cybersecurity threats from Chinese-manufactured port equipment.
Shanghai Zhenhua Heavy Industries (ZPMC), a firm with close ties to the Chinese Communist Party (CCP), is a major supplier of STS cranes to ports both in the U.S. and globally.
Concerns have been raised about the company over its affiliations with the CCP and that its equipment could used as spying tools by China.
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