trade policy

U.S. port fees on Chinese-built and Chinese-operated ships stay scheduled to resume even as Washington and Beijing extend their broader truce to Jan. 10, and over 200 shippers are urging USTR to extend the pause.

Each side will lower duties on roughly $30 billion of the other's goods, from household items and toys to U.S. farm products, coal and medical equipment. The cuts take effect only after domestic legal steps, and covered trade has already shrunk.

Five proclamations signed September 8 add import bans effective September 29 and widen the 50% tariff list effective September 15, with no relief for USMCA-origin goods.