Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 14

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 14
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.

Our operations expose

us to the

risk that increased

trade protectionism

may adversely affect

our business.

Recently,

government leaders

have declared

that their

countries may

turn to

trade barriers

to protect

or

revive their domestic industries

in the face of

foreign imports, thereby

depressing the demand

for shipping.

The U. S.

government has

made statements

and taken

actions that

may impact

U. S. and

international trade

policies, including tariffs

affecting certain Chinese

industries. Additionally,

new tariffs may

be imposed by

the Trump

administration on imports

from Canada,

Mexico and

China as

well as

on imports of

steel and

aluminum. It is unknown

whether and to what

extent new tariffs (or

other new laws or

regulations) will be

adopted, or the effect that any such actions would

have on us or our industry. If any new tariffs, legislation

and/or regulations are implemented,

or if existing trade

agreements are renegotiated

or, in particular, if the

U. S. government

takes retaliatory

trade actions

due to

the ongoing

U. S.-China trade

tension, such

changes

could have an adverse effect on our business, results of operations and

financial condition.

Additionally,

the

U. S.

trade

war

with

China

may

escalate

beyond

tariffs

with

a

proposal

by

the

Trump

administration to impose significant fees on any

vessel entering a U. S. port where that

vessel is owned by

a

Chinese

shipping

company

or

by

a

vessel

operator

whose

fleet

includes

one

or

more

Chinese-built

vessels or

that has

newbuilding

orders at

a Chinese

shipyard. The

proposal of

the U. S.

trade representative

(USTR), if

adopted as

proposed, would

require Chinese

shipping company’s-to

pay up

to $1

million per

port

call

and

those

operating

Chinese-built

vessels

to

be

charged

up

to

$1.5

million

per

U. S.

port

call,

depending on the percentage of vessels in their fleet

built at Chinese shipyard or newbuilding