Opportunity for Germany

The US Port Fees Could Help Against Chinese Ships

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For the First Time, a Trade War also Impacts a Means of Transportation

However, other countries would be even more affected, according to the report. Within the EU, Finland (minus five percent), Denmark (minus 4.4 percent), and Poland (minus three percent) would face significant export losses to the U.S. "The port fees on ships built in China represent a new level of escalation in the trade conflict," says Chowdhry. For the first time, not just goods but also the means of transportation themselves are being targeted. The measures would hit export-dependent emerging markets particularly hard, such as Costa Rica, Vietnam, or Pakistan, whose exports to the U.S. could drop by over nine percent. However, South Korea is considered one of the few beneficiaries outside Europe. Like Germany, South Korea could expect an export increase of around two percent.

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