USTR Modifies Certain Aspects of Section 301 Ships Action and Proposes Further Modifications to the Action
USTR noticeTariff raisedPublished 25/10/10Open the original
Summary
USTR modifies parts of the April 17, 2025 action to restore American shipbuilding and proposes further changes. It changes the fee basis for foreign-built vehicle carriers, removes a provision on suspending LNG export licenses, and imposes 100% tariffs on certain ship-to-shore cranes and cargo handling equipment. Certain service fees may be deferred through December 10, 2025.
By industry
- Shipbuilding & MASGA1 trading day+0.4%p15 stocks5 trading days−0.3%p15 stocks20 trading days−2.0%p15 stocks
“the responsive action to restore American shipbuilding that it took on April 17, 2025”
- Tariffs & Reshoring1 trading day−0.5%p15 stocks5 trading days−1.8%p15 stocks20 trading days−1.0%p15 stocks
“imposing tariffs of 100 percent on certain ship-to-shore cranes and cargo handling equipment”
- Energy & LNG1 trading day−1.8%p15 stocks5 trading days−4.8%p15 stocks20 trading days−6.0%p15 stocks
“a provision permitting the suspension of liquefied natural gas (LNG) export licenses”
Day by day after the announcement
| Day | Shipbuilding & MASGA stocks | S&P 500 |
|---|---|---|
| 25/10/09 | 0.0% | 0.0% |
| 25/10/10 | −2.9% | −3.3% |
| 25/10/13 | −1.6% | −1.2% |
| 25/10/14 | −0.1% | −1.3% |
| 25/10/15 | −1.0% | −0.8% |
| 25/10/16 | −2.0% | −1.6% |
| 25/10/17 | −2.4% | −0.9% |
| 25/10/20 | −0.7% | +0.1% |
| 25/10/21 | −0.3% | +0.1% |
| 25/10/22 | −1.7% | −0.5% |
| 25/10/23 | −0.8% | +0.1% |
| 25/10/24 | +0.3% | +0.9% |
| 25/10/27 | +0.5% | +2.2% |
| 25/10/28 | +0.2% | +2.4% |
| 25/10/29 | +1.8% | +2.3% |
| 25/10/30 | +1.7% | +2.0% |
| 25/10/31 | +2.2% | +1.6% |
| 25/11/03 | +2.4% | +1.7% |
| 25/11/04 | +0.8% | +0.6% |
| 25/11/05 | +1.4% | +1.1% |
| 25/11/06 | −1.9% | +0.1% |
Korean stocks in these industries
- Hanwha Ocean 042660
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Hanwha Aerospace
BuyNextDecade
BuyNextDecade
NEXT
$3.9M
551,819 sh
$3.9M
Filed 25/09/25
Traded 25/09/23
- Hanwha Aerospace
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$3.2M
449,510 sh
$3.2M
Filed 25/09/25
Traded 25/09/24
- Matthew K. Schatzman
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$2M
281,500 sh
$2M
Filed 25/09/15
Traded 25/09/12
- Richard D. Kinder
BuyKinder Morgan
BuyKinder Morgan
KMI
$26M
1,000,000 sh
$26M
Filed 25/10/28
Traded 25/10/27
- William C. Vrattos
BuyNextDecade
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$3.7M
500,000 sh
$3.7M
Filed 25/09/16
Traded 25/09/12
- Bardin Hill Investment Partners
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$2.5M
357,021 sh
$2.5M
Filed 25/09/18
Traded 25/09/16
- William C. Vrattos
BuyNextDecade
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$686K
100,000 sh
$686K
Filed 25/09/19
Traded 25/09/17
- Edward Andrew Scoggins Jr.
BuyNextDecade
BuyNextDecade
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$96.9K
15,000 sh
$96.9K
Filed 25/09/19
Traded 25/09/18
- W. Benjamin Moreland
BuyCheniere Energy
BuyCheniere Energy
LNG
$811.4K
3,900 sh
$811.4K
Filed 25/11/05
Traded 25/11/04
- W. Benjamin Moreland
BuyCheniere Energy
BuyCheniere Energy
LNG
$229.6K
1,100 sh
$229.6K
Filed 25/11/05
Traded 25/11/04
- Brendan E. Krueger
BuyAntero Resources
BuyAntero Resources
AR
$166.8K
5,000 sh
$166.8K
Filed 25/11/10
Traded 25/11/07
- Brendan E. Krueger
BuyAntero Resources
BuyAntero Resources
AR
$166.8K
5,000 sh
$166.8K
Filed 25/11/10
Traded 25/11/07
- Amy W. Chronis
BuyKinder Morgan
BuyKinder Morgan
KMI
$99.7K
3,800 sh
$99.7K
Filed 25/11/03
Traded 25/10/31
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$99.5K
1,712 sh
$99.5K
Filed 25/10/21
Traded 25/10/20
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$60.9K
9,168 sh
$60.9K
Filed 25/11/12
Traded 25/11/07
- Ralph M. Della Ratta Jr.
BuySunCoke Energy
BuySunCoke Energy
SXC
$50K
7,288 sh
$50K
Filed 25/11/07
Traded 25/11/06
- Neil G. Mitchill Jr.
SellRTX
SellRTX
RTX
$873.5K
4,849 sh
$873.5K
Filed 25/10/28
Traded 25/10/24
- Christopher T. Calio
SellRTX
SellRTX
RTX
$858.3K
4,813 sh
$858.3K
Filed 25/10/29
Traded 25/10/27
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$13.5K
2,032 sh
$13.5K
Filed 25/11/12
Traded 25/11/07
- Amy W. Chronis
BuyKinder Morgan
BuyKinder Morgan
KMI
$12.8K
487 sh
$12.8K
Filed 25/11/03
Traded 25/10/30