China paused its retaliatory port fees on ships linked to the United States for one year, starting Monday, after the Trump administration did the same for Chinese ships, suggesting trade tensions are easing.
The move comes as President Donald Trump lowered his fentanyl-related tariffs on China, effective Monday, following successful trade talks between the world’s two largest economies. The 10% baseline tariff will remain in effect during the one-year suspension period.
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