China lifts sanctions on US units of South Korea ship giant Hanwha
China said Monday it would suspend sanctions against US subsidiaries of Hanwha Ocean, one of South Korea’s largest shipbuilders, as a fragile trade truce between Washington and Beijing continued to take shape. The United States and China have been involved in a volatile trade and tariff war for months, but agreed to walk back some […]
China sanctions five US units of South Korean ship giant Hanwha
China imposed sanctions on five American subsidiaries of South Korean shipbuilder Hanwha Ocean on Tuesday, accusing them of supporting a US government investigation into the shipping industry, as tit-for-tat port fees took effect. The United States announced in April it would begin applying fees to all arriving Chinese-built and operated ships after a “Section 301” […]
