By Rene Wagner and Maria Martinez
BERLIN, July 8 (Reuters) - Germany could benefit from planned U.S. port fees on merchant ships built in China, with its exports to the United States potentially rising by around 2% compared with a scenario without fees, according to a study by the German Institute for Economic Research (DIW) seen by Reuters on Wednesday.
The reason is that German freight fleets rely less on Chinese-built vessels than those of some competitors, allowing German exporters to gain market share, the study found.
The U.S. government plans to introduce the fees from November in an effort to curb China's dominance in shipbuilding, citing national security concerns. The charges would be based on where a vessel was built, rather than whose goods it carries.
DIW said the measures would primarily hurt the U.S. itself, estimating that U.S. imports and exports would fall by 0.2% and 0.3%, respectively.
BERLIN, July 8 (Reuters) - Germany could benefit from planned U.S. port fees on merchant ships built in China, with its exports to the United States potentially rising by around 2% compared with a scenario without fees, according to a study by the German Institute for Economic Research (DIW) seen by Reuters on Wednesday.
The reason is that German freight fleets rely less on Chinese-built vessels than those of some competitors, allowing German exporters to gain market share, the study found.
The U.S. government plans to introduce the fees from November in an effort to curb China's dominance in shipbuilding, citing national security concerns. The charges would be based on where a vessel was built, rather than whose goods it carries.
DIW said the measures would primarily hurt the U.S. itself, estimating that U.S. imports and exports would fall by 0.2% and 0.3%, respectively.
3 months ago