From hallandwilcox.com.au: On April 3, 2025, President Trump announced new trade tariffs, including a 10% baseline tariff on imports from most countries and significantly higher rates for China and the European Union, causing immediate disruptions in shipping and trade.

Concurrently, a proposed executive order aims to impose substantial port call fees on vessels linked to China, potentially reaching up to $3.5 million per visit, which has prompted concerns among cargo interests and shipping companies.

Businesses engaged in trade with the US are advised to review contracts and prepare for these changes to mitigate risks associated with the new tariffs and port fees.