China retaliates with new port fees on U.S. vessels amid escalating tensions

China has imposed retaliatory port fees on American-owned ships in response to upcoming U.S. port fees on Chinese vessels, escalating trade tensions ahead of a key meeting between U.S. and Chinese leaders. The fees target ships with U.S. links and are part of broader trade measures, including restrictions on exports of rare earths and lithium-related technologies, reflecting a tit-for-tat approach amid ongoing trade disputes.