FXHedge|Oct 30, 2025 21:56
TRUMP, XI AGREE TO PAUSE DUELING PORT FEES THAT DISRUPTED TRADE
(Reuters) -The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.
The move provides a 12-month reprieve on an estimated 3.2 billion annually in fees for large Chinese-built vessels sailing to U.S. ports and was among the trade deals reached in South Korea by U.S. President Donald Trump and Chinese President Xi Jinping.
Full article:
https://www.msn.com/en-us/money/other/trump-xi-agree-to-pause-dueling-port-fees-that-disrupted-trade/ar-AA1Pw4iN?ocid=msedgntp&pc=HCTS&cvid=6903db04ff0149f7a4b85d0890b9fdf3&ei=9(FXHedge)
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