financetom
Business
financetom
/
Business
/
Trump administration seeks to negotiate with China on shipping as it pauses port fees
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump administration seeks to negotiate with China on shipping as it pauses port fees
Nov 6, 2025 4:17 PM

WASHINGTON (Reuters) -The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensions.

The U.S. Trade Representative's office said in a Federal Register notice that it would pause for a year starting November 10 all punitive actions against China resulting from its "Section 301" unfair trade practices investigation. USTR added that it would accept public comments on the matter on November 6 and November 7.

The 12-month reprieve on an estimated $3.2 billion annually in U.S. fees for large Chinese-built vessels sailing to U.S. ports was among the agreements reached in South Korea by U.S. President Donald Trump and Chinese President Xi Jinping in late October. Also paused were 100% tariffs on ship-to-shore cranes and container intermodal chassis for trucks.

"Pursuant to this deal, the United States would suspend for one year, beginning on November 10, 2025, the responsive actions taken in this investigation," USTR said in the notice. "The United States also would negotiate with China pursuant to Section 301 regarding the issues raised in this investigation."

The notice gave no details about how the negotiations would begin, or what the objectives would be. It said that the U.S. would continue its own efforts to revitalize domestic shipbuilding, including through discussions with key allies and partners.

A USTR spokesperson could not immediately be reached for further comment. China's embassy in Washington also did not immediately respond to a Reuters query.

China also had agreed to pause its own retaliatory fees on U.S.-linked ships as part of the Trump-Xi de-escalation agreement. Hawaii-based ocean shipping company Matson said on Tuesday that it had paid $6.4 million in port fees to China since they were implemented on October 14.

State-owned container line COSCO is the Chinese shipper most exposed to U.S. port fees, which analysts said could add up to $1.5 billion annually.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Barrick Gold Edges Up as Says Kibali Mine Ended 2024 With
Barrick Gold Edges Up as Says Kibali Mine Ended 2024 With "Strong" Results
Jan 28, 2025
09:46 AM EST, 01/28/2025 (MT Newswires) -- Barrick Gold ( GOLD ) was at last look edging higher in early Tuesday trade after saying its Kibali gold mine achieved an improved performance in the last quarter of 2024, culminating in the highest yearly throughput since its commissioning. This milestone underscores the mine's continued focus on operational excellence and its capacity...
Apple finds little sympathy from German judges in antitrust appeal
Apple finds little sympathy from German judges in antitrust appeal
Jan 28, 2025
KARLSRUHE, Germany, Jan 28 (Reuters) - German federal judges indicated on Tuesday that they could back the country's antitrust regulator in a legal battle with Apple ( AAPL ), following over three hours of deliberations over whether the U.S. tech giant should be subject to additional controls. The German cartel office said in April 2023 it considered Apple ( AAPL...
BRIEF-US life insurer Brighthouse Financial seeks to sell itself - FT
BRIEF-US life insurer Brighthouse Financial seeks to sell itself - FT
Jan 28, 2025
Jan 28 (Reuters) - * US LIFE INSURER BRIGHTHOUSE FINANCIAL SEEKS TO SELL ITSELF - FT Source text: https://tinyurl.com/27qpq8lb ...
NVR beats fourth-quarter profit estimates on strong pricing
NVR beats fourth-quarter profit estimates on strong pricing
Jan 28, 2025
Jan 28 (Reuters) - U.S. homebuilder NVR Inc ( NVR ) beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by higher pricing of home units. The average sales price of new orders in the fourth quarter of 2024 was $469,000, up 4% from last year. However, new orders for quarter ended Dec. 31 fell to 4,794 units, or...
Copyright 2023-2026 - www.financetom.com All Rights Reserved