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Recent Editions

Risk Channel
North America
The U.S. has unveiled a plan to impose fees on Chinese ships and Chinese-built vessels, aiming to weaken China’s grip on global shipping and revive domestic shipbuilding. Beginning in six months, Chinese-owned ships will face $50-per-ton fees per voyage, rising annually. Non-Chinese operators of Chinese-built ships will pay lower rates. The policy, developed by the USTR following a Biden-era probe, includes incentives for carriers ordering U.S.-built ships and exemptions for certain trade routes. Additional fees and LNG shipping restrictions are planned. The initiative is part of a wider Trump administration effort to bolster the U.S. maritime sector despite concerns over cost impacts. The Wall Street Journal editorial board criticizes the proposed shipping tax, warning it could spike freight costs and cripple U.S. exports.
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Risk Channel
UK/Europe
The UK's five biggest business groups have written an open letter calling for urgent changes to the government's Employment Rights Bill. The proposed new law, due to be scrutinised by the House of Lords this month, includes a right to guaranteed hours and cracks down on zero-hour contracts without the offer of work. But in a rare joint intervention, the British Chambers of Commerce, Confederation of British Industry, Institute of Directors, Federation of Small Businesses and Make UK warn the Bill in its current form would "damage growth and employment, undermining the government's own goals." They argue the changes will discourage companies hiring "particularly those at the margins of the labour market" as businesses will not want to risk costly tribunal cases. Business groups also urged Lords to consider if guaranteeing workers fixed-hours contracts could backfire, reduce flexibility for both employers and staff, and introduce unnecessary administrative costs.
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