The United States suspends implementation of the 301 investigation measures against China's shipbuilding and other industries. Ministry of Commerce: Looking forward to the United States continuing to work with China in the same direction.

On November 9th, Eastern Time, the Office of the United States Trade Representative announced that it will suspend the implementation of Section 301 investigations on industries such as shipbuilding in China starting on November 10th. In response to this, a spokesperson from the Ministry of Commerce stated during a press conference that China is willing to communicate and negotiate with the US on related issues based on mutual respect and equal consultation principles. China looks forward to the US continuing to move in the same direction as China, jointly maintaining a fair competition environment in the international shipping and shipbuilding market, and injecting more certainty and stability into China-US economic and trade cooperation and the world economy. The specific Q&A is as follows: A journalist asked the spokesperson of the Ministry of Commerce about the US's suspension of the implementation of Section 301 investigations on industries such as shipbuilding in China. The response: China has taken note that on November 9th, local time in the US, the US Trade Representative's Office announced that it will temporarily suspend the implementation of Section 301 investigations on industries such as shipbuilding in China starting from 12:01 am on November 10th for one year. This includes the suspension of the collection of port fees on China CSSC and the additional tariffs on equipment such as Chinese ship-to-shore cranes. This is an important step towards mutual agreement and implementation of the China-US consensus reached during the Beijing economic and trade negotiations. On the same day, China also suspended the implementation of corresponding countermeasures. China is willing to communicate and negotiate with the US on relevant issues based on the principles of mutual respect and equal consultation, and hopes that the US will continue to move in the same direction as China to jointly maintain a fair competition environment in the international shipping and shipbuilding market, and provide more certainty and stability for China-US economic and trade cooperation and the world economy.