This issue is resolved in VMware vSphere ESXi 7.0 Update 3o (Build 22348816)
To workaround this issue, override the policy with the same settings as the vSwitch, without using the “Inherit from vSwitch” setting.
Note: If you are considering an update your environment where the ESXi version is less than 7.0 U3o, refer to vSwitch (Standard Switches) teaming Load balancing change to port id after ESXi 7.0.3l update