Beijing is expected to soon announce the start date of its own 12-month pause on reciprocal port fees on US ships, a deal that was agreed to last week as part of a broad trade framework hammered out by the two superpowers.
An immediate bump in cargo is likely in the wake of this week’s deal between Washington and Beijing, but it’s too early for US retailers who are tied to China to make supply chain decisions for 2026 spring and summer imports.
The carrier, as it seeks with BlackRock to acquire the majority of Hutchison Port Holdings, is developing a mega-terminal in New Orleans and another terminal in Baltimore.