US halts action against China in maritime-logistics-shipbuilding case

The action will be suspended for a year beginning today, an USTR release said.

The Office of the USTR yesterday announced suspending action in the Section 301 investigation of China’s targeting of the maritime, logistics and shipbuilding sectors for dominance.
The action will be suspended for a year beginning today.
The suspension follows the historic trade and economic deal reached between Presidents Donald Trump and Xi Jinping announced by the White House on November 1.

The suspension follows the historic trade and economic deal reached between Presidents Donald Trump and Xi Jinping announced by the White House on November 1.

During the suspension period, no party will accrue liability for or be required to pay the fees on maritime transport services and duties.

The United States will negotiate with China pursuant to Section 301 regarding the issues raised in this investigation. While taking these actions, the United States will continue its domestic efforts and its discussions with key allies and partners on revitalising American shipbuilding.

Fibre2Fashion News Desk (DS)