Freightos Weekly Update: China-US truce to reduce some tariffs, and likely postpone port fees

AI Summary

The United States and China extended their trade truce by two months, agreed to reduce tariffs on some imports, and plan further leader-level meetings before the end of the year. The de-escalation is also expected to postpone US port-call fees.

Last week’s Trump-Xi meeting in Washington yielded a two month extension of last year’s US-China trade truce which was set to expire on November 10th, mutual tariff reductions on some imports, and plans for two more meetings between the leaders before the end of the year. This deescalation likely also postpones US port call fees […] The post Freightos Weekly Update: China-US truce to reduce some tariffs, and likely postpone port fees appeared first on Container News.