A new report warns that U.S. port fees targeting Chinese-owned and Chinese-built vessels could drive up shipping costs for American ag exporters by more than six billion dollars a year by 2028.
The policy, issued in April by the U.S. Trade Representative’s Office, phases in new fees on foreign ships linked to China — and the report says corn, soybeans, and wheat will feel it most, adding up to seven cents a bushel to some shipments.
Here is today's Ag Minute