... do I recall correctly that those goods sitting out there in the Pacific don’t generate any payments until they’re actually received (Or at least unloaded) in the US? If so, that can’t be making Comrade Xi very full of joy and sunshine.
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I hadn’t considered the payment trigger before. You make a great point.
And...they can’t unload until the country of origin pays any taxes and fees assessed against the goods.
This was not a problem before because the port authority can allow the ship to unload in promise of future payments.
Now that CCP is no longer the Port Authority, such arrangements are over?