Reported 17 days ago
China has announced sanctions against the American subsidiaries of South Korea’s Hanwha, which are aiding the U.S. shipbuilding industry, in response to a U.S. investigation into trade practices. The sanctions prohibit Chinese entities from engaging with five Hanwha subsidiaries, coinciding with rising tensions in U.S.-China trade relations, including increased port fees that could impact hundreds of vessels worldwide.
Source: YAHOO