A shipping company says it got hit with a surprise $34 million annual tariff bill due to the Trump administration’s recent change in how it classifies freighters.

Atlantic Container Line, a major shipping firm that specializes in transatlantic cargo transport, is warning that the steep fees could force it to halt all of its US-linked business.

“There’s a lot of shaking of heads, and what I’ll call just shock,” Andrew Abbott, CEO of ACL, told CNBC. 4

The US-based company operates five ships on its US-Europe trade route — with each ship sailing regularly between the two destinations multiple times per year.

The US Trade Representative recently updated the rules under Section 301 — a law used to respond to unfair foreign trade practices, often involving China.

The new rule, whic

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