News Snapshot:
Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump’s administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans. The proposed fees on China-built vessels could top $3-million per U.S. port call. The administration says the fees would curb China’s commercial and military dominance on the high seas and promote a U.S. shipbuilding renaissance. Opponents say the plan could backfire on farmers, miners and other groups that Trump hopes would drive orders at domestic...