U.S. and China Agree to Mutual Reduction of Port Fees…Hopes for Easing Trade Tensions

The United States and China have agreed to lower mutual port fees. As trade frictions between the two countries persist, this measure is interpreted as a signal to ease logistics cost burdens and improve the trading environment.

On the 28th (local time), economic news channel Walter Bloomberg cited the Wall Street Journal and reported, "The United States and China have agreed to mutually reduce port fees."

The agreement was reached amid ongoing high-level trade and diplomatic talks between the two countries. Experts say that reducing port fees will lead to cost savings in the logistics and shipping sectors, which could have a positive effect on supply chain stabilization and the improvement of trade flows.

However, specific details such as the extent of the reductions or the implementation timeline have not yet been disclosed. Attention is focused on whether additional measures to expand U.S.-China economic cooperation will follow.