US and Chinese port fees could be lowered amid latest trade truce
- US says it will not proceed with new 100% tariffs on Chinese goods; there is speculation that 20% fentanyl tariff will be reduced
- China could restart US soyabean purchases, a near-term positive for bulker demand
- China confirms port fees were part of trade discussion; analysts see possibility of a pause, postponement or cancellation of fees
The trade policy of US President Donald Trump goes through repeated cycles of escalation and de-escalation. The latest de-escalation has begun, with rate implications across multiple shipping segments
