U.S. and China to suspend mutual port fees for one year
The U.S. and China have agreed to a one-year suspension of mutual port fees that were imposed following a Section 301 investigation into China’s maritime logistics sector. The White House announced on Nov. 1 that the suspension of U.S. levies will begin on Nov. 10. According to the announcement, China will concurrently cancel its corresponding retaliatory fees. The two countries will continue negotiations on the matter. China has not yet released further details regarding the agreement.
