China, US agree to suspend port fees for foreign ships

Business Nov 10, 2025

China just announced it's suspending special port fees on US ships for a year, simultaneously with the US doing the same for Chinese vessels.
This follows recent talks between Presidents Trump and Xi in South Korea—a clear sign both sides want to dial down their trade fight.

Significance of the development

This move is a big deal for global trade. By easing up on fees and lifting sanctions (including those on five US-linked Hanwha Ocean subsidiaries), both countries are making shipping smoother and less expensive.
It also shows some real progress in reducing friction that's been messing with supply chains worldwide.
Plus, China is tightening controls on chemicals used to make fentanyl, aiming to help tackle opioid smuggling into North America.