CNBCLast-minute changes to new port fees enacted by the Trump administration's U.S. Trade Representative have stuck one U.S.-based ocean carrier with an estimated annual tariff bill of $34 million, after it was reclassified under new Section 301 program terms.
On Oct. 14, the first day of the fee program, Atlantic Container Line paid a $1.4 million tariff due to its unique container vessel construction. ACL's ships carry 80% shipping containers, 10% roll-on/roll-off freight (such as tractors, construction equipment, and passenger cars), and 10% freight that is oversize cargo like aircraft wings and transformers for power plants and data center machinery.
The additional changes include the fee structure for vehicle carriers, otherwise known as roll-on/roll-off (Ro/Ro) vessels, which help to
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