ARLINGTON, Va., Sept. 24, 2026 — The National Grain and Feed Association (NGFA) applauded Secretary Scott Bessent’s announcement that the Busan Truce has been extended through January 10, 2027, including the continued suspension of Section 301 shipping fees.

NGFA previously expressed concerns about implementing Section 301 fees and their potential impact on U.S. agricultural export competitiveness, when uncertainty remained over the timing and rules for implementation. This welcome extension comes at a critical time for U.S. agricultural exports.

NGFA supports President Trump’s goal of rebuilding America’s shipbuilding capacity. America’s grain and feed industry thanks Secretary Bessent, President Trump and the administration for their continued efforts and encourages continued discussions toward a further suspension to support U.S. agricultural export competitiveness.

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