Overview
- The Office of the U.S. Trade Representative suspended its Section 301 investigation into China’s maritime, logistics and shipbuilding sectors for one year effective Nov. 10.
- China’s transport ministry halted for a year the special port fees on U.S.-linked vessels, timing the move to Washington’s pause on levies targeting Chinese ships.
- Beijing also suspended for one year sanctions on five U.S. subsidiaries of South Korea’s Hanwha Ocean, including Hanwha Philly Shipyard and Hanwha Shipping.
- A planned Chinese review of whether the U.S. probe threatened the security and development of China’s shipbuilding supply chain was shelved for a year.
- The reciprocal steps implement understandings reached by President Donald Trump and President Xi Jinping in late October, with USTR saying talks will continue as U.S. industry and labor groups voice concerns.