US-China port fee truce to begin on Nov 10 for 1 year

The agreement follows trade discussions and aims at stabilising bilateral maritime and economic ties.

The United States and China recently agreed to suspend for a year beginning November 10 their respective port service fees on vessels with a US or Chinese nexus.
The agreement follows trade discussions in Seoul and aims at stabilising bilateral maritime and economic ties.
Further clarification is awaited, including whether fees will continue to be charged in the interim period up to November 10.

A White House fact sheet confirms that a ‘trade and economic deal’ was reached in South Korea between US President Donald Trump and his Chinese counterpart Xi Jinping.

“The United States will suspend for one year, starting on November 10, 2025, implementation of the responsive actions taken pursuant to the Section 301 investigation on China’s Targeting the maritime, logistics and shipbuilding sectors for dominance. In the meantime, the United States will negotiate with China pursuant to Section 301 while continuing its historic cooperation with the Republic of Korea and Japan on revitalizing American shipbuilding,” the fact sheet said.

Following the US suspension, China will also suspend implementation of its countermeasures against the United States for a year, the Chinese Ministry of Commerce said.

Further clarification is awaited, including whether fees will continue to be charged in the interim period up to November 10.

Fibre2Fashion News Desk (DS)