China Suspends Port Fees on U.S. Ships, Mirroring U.S. Probe Pause
China suspends special port fees on U.S. ships for a year, mirroring the U.S. pause on Section 301 probes, marking fresh momentum in bilateral trade talks.
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China suspends special port fees on U.S. ships for a year, mirroring the U.S. pause on Section 301 probes, marking fresh momentum in bilateral trade talks.
The United States and China will suspend reciprocal port fees for at least one year starting Nov. 10, marking a temporary de-escalation in their trade dispute.
Two weeks after the US imposed port fees on vessels from the Chinese mainland, freight rates have jumped up to 8%, adding inflationary pressure as the economy cools.
The Chinese mainland’s Ministry of Transport details 10-article measures to charge special port fees on U.S. ships starting Oct 14, including scope, standards, dynamic adjustments and exemptions.
China’s Ministry of Commerce defends new port service fees on U.S.-linked vessels as a lawful countermeasure to Washington’s Section 301 port charges, calling for dialogue to resolve trade disputes.
China’s Ministry of Commerce warns that the U.S. proposal to impose port fees on Chinese ships could disrupt global supply chains and harm the U.S. economy.