China Pauses Special Port Fees On Us Ships

4 Days(s) Ago    👁 69
china pauses special port fees on us ships

China has announced a one-year suspension of special port fees levied on US vessels, mirroring Washingtons earlier decision to pause tariffs targeting Chinese ships.

This action, effective Monday, is the latest move in a fragile trade truce established following the meeting between presidents Xi Jinping and Donald Trump in South Korea last month.

The trade war had previously led to punitive duties reaching prohibitively high levels, disrupting global supply chains and trade between the worlds two largest economies.

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