The US and China Halted Maritime Transportation Investigations.

Mutual Investigation Suspended

The US and China have announced their decision to mutually suspend investigations in the maritime transport sector. This step is expected to positively impact trade relations between the two countries.

Important Step from the Trump Administration

In Beijing, the Trump administration has decided to suspend the investigation into China's shipbuilding industry. In addition, the Peking government has also postponed special port fees imposed on US ships, shelving its own investigation.

Statement from the Trade Office

The US Trade Office announced that this investigation has been suspended for one year starting from Monday.

Response from China

Immediately following the announcements, the Chinese Ministry of Transport provided information regarding the postponed measures as per the agreement reached in the recent trade talks with the US.

Negotiations Will Continue

The US Department of Commerce stated that negotiations regarding the issues that led to the investigation will continue with China. This situation may reduce uncertainties and costs in the sector, facilitating the delivery process of goods to the US.

Global Maritime Effects

However, it is anticipated that the port fees imposed on the ships of both countries may increase freight prices and threaten global maritime transportation by affecting the flow of essential commodities such as oil.