Trump, Xi agree to pause dueling port fees that disrupted trade
Update: 2025-10-30
Description
In a surprising turn of events, the U.S. and China have agreed to suspend shipping fees that had been causing tension and driving up costs. This move could save shipping companies billions annually and provide relief to companies and consumers. However, industry leaders are hoping for a permanent solution, as uncertainty remains. Meanwhile, China's shipbuilding sector is experiencing a drop in demand, but still holds a significant global market share.
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