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China, US suspend rival port fees in latest trade war thaw (www.scmp.com)

submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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China has suspended retaliatory port fees on US-linked vessels for one year, following Washington’s pause of similar charges under its “Section 301” investigation targeting the Chinese maritime sector. After months of uncertainty over the rival port fees, which took effect on October 14, the shipping industry can finally breathe a sigh of relief as both sides formally confirmed the pause. In line with the outcomes of the US-China trade talks in Kuala Lumpur, the Ministry of Transport said the...

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[–] humanspiral@lemmy.ca 1 points 3 months ago

This was the cause of the rare earth ban by China.