In a move welcomed by shipping companies and global traders, the United States and China have agreed to pause recently enacted reciprocal port fees that threatened to disrupt global trade routes. Starting Monday, November 10, both sides will suspend these fees for at least one year, easing a potential cost burden on cargo vessels and importers.
Observers view the suspension as an important step in easing broader tensions in the China-U.S. trade dispute. However, the agreement stops short of a permanent solution and leaves key questions unresolved about fee structures after the one-year window.
CGTN's Ediz Tiyansan reports.
Reference(s):
cgtn.com
