China retaliates against U.S. port fees with new charges on American ships

• China on Friday announced that starting Oct. 14, it will start charging U.S. ships for docking at Chinese ports.
• The move was a direct response to similar U.S. port fees on Chinese ships set to take effect the same day.
• The U.S. only accounts for 0.1% of global shipbuilding, versus 53.3% for China, according to the Center for Strategic and International Studies.