TOKYO -- China's Ministry of Transport and the U.S. trade representative on Monday announced yearlong suspensions of port fees they had imposed on each other's shipping, carrying out a key element of a truce hammered out by the powers' trade negotiators and sealed by Presidents Xi Jinping and Donald Trump.
Trade war
China and US simultaneously suspend port fees under trade war truce
Shipping industry promised one-year reprieve; US reserves right to take further action
Shipping containers from China sit at the Port of Los Angeles on Nov. 5. © Reuters
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