Overview

• The United States and China are starting to levy reciprocal port fees on each other’s vessels on October 14, covering shipments from consumer goods to crude, according to Reuters.
• China’s commerce ministry said working-level trade consultations with U.S. officials were held Monday under their bilateral mechanism.
• Financial Times reported that Washington is considering requiring licenses for software exports to China following Beijing’s new controls on rare-earths and related technologies.
• Official customs data showed China–U.S. trade fell 15.6% year over year to $425.81 billion in January–September, though September volumes rose versus August.
• China–Russia trade declined 9.4% to $163.62 billion over the same period as Russia’s surplus widened to $16.48 billion and September activity rebounded month on month.