Beijing announced that the US and China have agreed to pause reciprocal shipping fees on each other’s affiliated vessels for one year, easing tensions in a conflict that has complicated their broader trade war.
The US initiated additional charges on vessels tied to China docking at US ports starting October 14, as part of an ongoing investigation by the Office of the US Trade Representative into China’s dominance in maritime and shipbuilding sectors. According to China’s Ministry of Commerce on Thursday, the US will halt actions stemming from this probe for one year.
“Following the US suspension, China will also suspend its countermeasures against the US for one year,” the statement said, referencing Beijing’s countermeasures imposed on American ships on the same date.
China’s announcement followed remarks by US trade representative Jamieson Greer, who emphasized that reviving domestic shipbuilding remains a priority. “We’re trying to rebuild shipbuilding,” he stated aboard Air Force One when asked if President Donald Trump and Chinese leader Xi Jinping had discussed port fees during their meeting in South Korea.
Recent months have seen global shipping disrupted by mutual port fees imposed by the US and China on one another’s vessels, driving up freight rates. These charges are embedded in a larger competition over maritime capabilities, with the US seeking to challenge China’s shipbuilding edge. Washington has enlisted Japan and South Korea as partners, finalizing cooperation agreements with Tokyo and Seoul this week to bolster its industry.
In retaliation, Beijing imposed sanctions earlier this month on the US subsidiaries of South Korean shipbuilder Hanwha Ocean Co., claiming the entities supported Washington’s probe into China’s maritime and shipbuilding supremacy. China has also indicated it will continue examining US policies affecting its shipping industry.
Source: Freightwaves



