Reported about 6 hours ago
The US and China have reached an agreement to pause reciprocal port fees on each other's vessels for one year, easing tensions in their ongoing trade conflict. The US had previously implemented shipping levies on Chinese ships arriving at American ports as part of a broader investigation into China's maritime dominance. In response to the US's suspension of these fees, China will likewise halt its countermeasures against American vessels. This development reflects a mutual effort to reduce trade tensions while addressing their competitive shipbuilding industries.
Source: YAHOO