LOS ANGELES (Reuters) -U.S. ocean shipping company Matson has paid $6.4 million in port fees to China since they were implemented on October 14, CEO Matt Cox said on Tuesday.
President Donald Trump and President Xi Jinping last week agreed to put those tit-for-tat levies on pause for 12 months, starting on November 10. Media outlets in China had reported that Matson, one of a handful of global shipping firms with U.S.-built and flagged vessels, was the first to pay the fees in China.
(Reporting by Lisa Baertlein; Editing by Chris Reese)
Comments