Section 301

Tagged stories

A red chemical tanker sailing on the wide brown Mississippi River under dark storm clouds, seen from a wooden riverside walkway with posts and a chain railing.
Business

The Tanker That Struck a New Orleans Riverboat Belongs to a Chinese State Shipbuilder's Subsidiary. A Paused U.S. Port Fee Would Charge It About $347,600 a Visit.

The Atlantic Asphalt, a 160-metre bitumen tanker, struck the docked paddlewheeler American Heritage at the Port of New Orleans on Friday, 13 November. Everyone aboard survived and 32 people went to hospital. The tanker's registered owner is a subsidiary of China State Shipbuilding Corporation, according to the International Maritime Organization and MarineTraffic, as reported by the Associated Press.

Stacks of shipping containers from several lines at a container terminal in the Port of Los Angeles, with blue ship-to-shore cranes against a pink and blue evening sky.
The Numbers

Customs Took In $333 Billion in Fiscal 2026. Refunds Sent About $147 Billion Back Out.

The fiscal year closed on Wednesday with a record $332.6 billion of customs deposits, according to the Treasury's daily cash statement. It also closed with $157.8 billion paid out through Customs and Border Protection, against about $10.5 billion in each of the two previous years. Net of those payments, the border raised less than it did in fiscal 2025. Since May, it has paid out $17.5 billion more than it took in.