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

Xinhua: 140th Canton Fair opens in Guangzhou; Premier Li Qiang keynotes opening up; 30,000+ exhibitors, ~340,000 overseas buyers

Xinhua (14 Oct 2026, Guangzhou) reports that Chinese Premier Li Qiang delivered a keynote at the opening ceremony of the 140th China Import and Export Fair (Canton Fair). He said China will keep expanding high-standard opening up and will import more high-quality, high-value-added products. This edition gathers more than 30,000 exhibiting companies and about 340,000 overseas buyers. Phase 1 runs 15-19 Oct in Guangzhou, with later phases through 4 Nov.

GACC via NBD: China September exports $447.18bn (+36.3% YoY); imports $313.65bn (+31%); Jan-Sep exports +21.3%

National Business Daily (14 Oct 2026), citing General Administration of Customs (GACC) data, reports that in US-dollar terms China's September 2026 exports were USD 447.18 billion, up 36.3% year on year, and imports were USD 313.65 billion, up 31%. For January to September, exports totaled USD 3,370.7 billion (+21.3%) and imports USD 2,432.58 billion (+27.5%). The same day's SCIO/GACC briefing (China News) put September trade in yuan at RMB 5.16 trillion (+27.5%), the first month above RMB 5 tri

China News: Ningbo-Zhoushan rail-sea intermodal tops 1.6m TEU in Q1-Q3 (+8.5%); September sets monthly record

China News Service (14 Oct 2026, Ningbo), citing Zhejiang Seaport Group, reports that Ningbo-Zhoushan Port handled more than 1.6 million TEU of rail-sea intermodal cargo in the first three quarters of 2026, up 8.5% year on year. September alone exceeded 200,000 TEU, a monthly record. New products include a Middle East rail-sea train from Yiwu, domestic water-rail 'one-document' links, a Yiwu-Qinzhou domestic train, and an Aksu export train with Xinjiang 'one box to the end' export mode.

People's Daily/Jiefang Daily: Shanghai Port hits monthly record 5.135m TEU in September (+6.2%)

People's Daily Shanghai (13 Oct 2026), citing Jiefang Daily, reports Shanghai Port handled 5.135 million TEU in September 2026, up 6.2% year on year and a new monthly record. Mingdong Terminal set its own round-the-clock record at 30,056 TEU in a day. After typhoons Bavi, Dolphin and Sadr, SIPG said it cleared backlog ships with customs, maritime and border support, tightened export gate-in and transshipment flows, and cut non-working waits. Over National Day Golden Week the port handled 1.15 mi

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