The Trump administration has halted an investigation into China's shipbuilding industry. In response, Beijing announced the suspension of its own investigation and the postponement of imposing port tariffs on American ships. China also suspended penalties against the U.S. units of South Korean shipbuilder Hanwha Ocean, whose shares rose by 2.9% following the announcement from Beijing. The United States and China have waived port fees for each other's ships for a year and halted investigations into maritime practices, marking another sign of easing tensions between the world's two largest economies. The de-escalation of maritime tensions aligns with the rapprochement between Washington and Beijing following a summit between the leaders of the two nations.
