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“It will definitely be positive for the cost of logistics,” said Mohammed Akoojee. “Up until now, the trade war has increased the cost of logistics in terms of freight rates and duties.”

The pause is fueling uncertainty over whether the biggest consumer of American soybeans will import as much as President Donald Trump’s administration claims to expect.

The decision follows the meeting between President Donald Trump and  Xi Jinping, a summit that produced a trade truce that set China back on the path to buying American farm goods again.

Wheat futures in Chicago jumped as China seeks its first U.S. shipments of the grain in more than a year, following orders for soybeans last week as part of a trade truce between the two nations.

Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship."

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.

International shipping has been roiled by retaliatory port charges levied by the U.S. and China on each others’ ships in recent months, a move that pushed up freight costs.

The U.S. will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products.

Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.

South Korea Policy Chief Kim Yong-beom said that Seoul would spend $150 billion on shipbuilding in the U.S. and provide $200 billion in cash under an investment pledge.