These increased tariff rates are part of a broader strategy by the US to seek to \u201csafeguard\u201d American workers, companies, and supply chains.<\/p>\n
Yet the timing is pertinent, coming during heightened security concerns for US ports and alleged potential cybersecurity threats connected with port equipment developed and manufactured in China.<\/p>\n
A major supplier of STS cranes to the US (and, indeed, on a global basis) is Shanghai Zhenhua Heavy Industries (ZPMC). This is a company with reported close ties to the Chinese Communist Party (CCP) and, therefore, the national government. As a result, ZPMC faces security challenges in the US with fears that its equipment can play a role in terms of spying and espionage.<\/p>\n
The decision to impose tariffs follows an Executive Order issued by the Biden administration in February 2024 that includes improvements in maritime cybersecurity and strengthening supply chains. A key part of this initiative is the provision of US$20bn to help facilitate STS crane manufacturing domestically in the US spanning new units and the replacement of existing Chinese-built cranes.<\/p>\n","protected":false},"excerpt":{"rendered":"
US President, Joe Biden has confirmed plans to impose tariffs of 25% on a wide range of goods manufactured in China during 2024, including ship-to-shore (STS) container cranes, electric vehicle (EV) batteries, computer chips and medical products.<\/p>\n","protected":false},"author":8,"featured_media":4393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,53],"tags":[798,1639,1638,1640],"sponsor":[],"class_list":["post-4392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-equipment","category-north-america","tag-china","tag-shanghai-zhenhua-heavy-industries","tag-ship-to-shore-container-cranes","tag-zzpmc"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=4392"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4392\/revisions"}],"predecessor-version":[{"id":4394,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4392\/revisions\/4394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/4393"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=4392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=4392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=4392"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=4392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}