A group of maritime transportation stakeholders warned the USTR's planned fees "would add another cost layer to an already strained transportation system."

Eligible goods will include American agricultural commodities, timber and medical equipment, as well as Chinese fireworks, tableware, toys and soccer balls.

Year-to-date through August, the port has handled more than 1.4 million total TEUs, falling short of that same period last year by 4.5%. 

“We honor our commitments,” Oil Minister Hardeep Puri said of India's export contracts at an event in New Delhi.

A record 7.3 million containers passed through Chinese terminals in the seven days through September 20, an increase of 9% from a year ago.

More than 80% of manufacturing professionals said that they're worried about the possibility of a new disruption within the next 12 months.

Treasury Secretary Scott Bessent said that the extension will "give us more time to see what we can do on the economic front."

The Hindu festival season has begun and will run until Diwali, the festival of lights.

According to a September 22 release from the Georgia Ports Authority, Indian cargo has been reaching the Port of Savannah 10 to 14 days faster in recent weeks.

In the event that an export ban drags on for months or longer, global fuel prices could actually end up increasing.