Skip to content
Seven Colorsourcing.center by Seven Color Trading Co Ltd · China

China desk · sourcing news

Brief

FreightFigures: Busan truce to 10 Jan does not auto-extend 301 exclusions or China vessel port fees

FreightFigures (24 Sep 2026) argues that Treasury Secretary Scott Bessent's extension of the Busan Agreement to 10 January 2027 is diplomatic breathing room, not an automatic legal rollover of the 178 Section 301 China product exclusions (heading 9903.88.69) or the suspended Section 301 maritime fees on Chinese-linked vessels. Both still expire under their own Federal Register notices on 9 November 2026 unless USTR publishes new notices.

FreightFigures published a 24 September 2026 importer playbook after Treasury Secretary Scott Bessent said the US-China Busan trade detente, due to end 10 November 2026, would run to 10 January 2027. The site stresses that a verbal truce extension is not the same as amending the Federal Register instruments that govern entry-level duty treatment.

Two US measures most relevant to importers remain pinned to their own notices: the 178 Section 301 China product exclusions under heading 9903.88.69 (FR Doc 2025-21671), expiring 11:59 p.m. ET 9 November 2026, and the suspension of Section 301 maritime service fees on Chinese-owned, -operated, and -built vessels (FR Doc 2025-19873), running through 9 November 2026. FreightFigures says neither moves automatically with the truce; each needs a new USTR notice.

The article's base case is that USTR will extend both, because the last exclusion extension was framed as part of the economic arrangement with China. Risks remain on timing (prior extension published after expiry, creating a one-day gap), scope (list could be trimmed), and the truce itself if summit follow-through falters.

FreightFigures also separates the Section 301 structural excess-capacity investigation: nothing in Bessent's announcement addressed it. A reported 7.5% additional duty on Chinese goods would sit on its own clock and would also cover other economies outside the China truce.

Practical steps listed: inventory 9903.88.69 exposure with the broker, keep the November contingency live until notices publish, use bonded warehouse entry for covered post-deadline arrivals rather than paying the full list rate in a gap, and watch carrier surcharge advisories, the USTR press page, and CBP CSMS before assuming fees stay paused.

Source: FreightFigures

Topics

  • tariffs
  • section-301
  • ustr
  • exclusions
  • port-fees
  • china
  • imports
  • procurement

NDRC/Xinhua: full RMB 250bn consumer trade-in bond funds allocated; Jan-Aug related sales RMB 1.55tn

Xinhua Finance (30 Sep 2026) reports that NDRC and the Ministry of Finance allocated the fourth and final 2026 batch of RMB 62.5 billion in ultra-long special treasury bonds for consumer goods trade-in programs, bringing the full-year total to RMB 250 billion. From January to August, trade-in-related sales reached RMB 1.55 trillion and subsidies covered 208 million person-times, including 5.353 million vehicles, 91.458 million units across six appliance categories, and 108 million digital and sm

Mysteel: China steel export shipments 2.76Mt in week to 28 Sep, up 19.3% YoY; Singapore re-exports hit recent high

Mysteel (30 Sep 2026) reports China steel export shipments totaled 2.76 million tonnes in the week of 22–28 September, down 96,700 tonnes or 3.4% week on week after four straight weekly gains, but up 445,800 tonnes or 19.3% year on year. Volume stayed about 254,800 tonnes above the recent eight-week average of 2.5052 Mt. Southeast Asia took 62.7% of flows (1.7297 Mt), with Singapore re-exports rising to 1.3264 Mt — a recent high — as northern Chinese ports concentrated loadings ahead of National

FreightWaves/UNCTAD: China liner-shipping connectivity hits 1,347.6 in September, more than double No. 2

FreightWaves (1 Oct 2026) reports UNCTAD's Liner Shipping Connectivity Index put China at 1,347.6 in September 2026, more than double second-ranked South Korea (633.0) and Singapore (626.7). The index tracks vessel calls, port capacity, carrier and service availability, largest ship size, and countries reached by direct services. Eight Asian economies ranked among the world's 15 best-connected in Q3. China's China-Korea, China-Singapore, and China-Malaysia links were among the five strongest bil

Container News: MSC sets Far East–Europe FAK at $4,500/40ft from 19 Oct (Med/Black Sea higher)

Container News (29 Sep 2026) reports MSC will apply new Freight All Kinds (FAK) rates from all Far East ports (including Japan, Korea and Southeast Asia) to North Europe, the Mediterranean, the Black Sea and North Africa from 19 October 2026 until further notice, but no later than 31 October. Base rates include US$4,500 per 40ft to North Europe and West Med, US$4,800 to East Med, US$5,000 to the Black Sea, and up to US$6,900 to Algeria. Quoted levels include ocean freight plus a Global Fuel Surc

Dated desk notes, not a news feed Updates.

Need the factory-floor read on a story?

The China desk can map a cited development to your SKU, QC, and lane, from Xiamen, with Dubai 3PL when the stock needs a hub.

  • D&B registered
  • Xiamen + Dubai hubs
  • Fast WhatsApp response
  • Factory network
WhatsAppFreightFigures: Busan truce to 10 Jan does not auto-extend 3