Reported 19 days ago
China has imposed sanctions on the US subsidiaries of South Korean shipping firm Hanwha Ocean amidst escalating trade tensions with the US, indicating further retaliation if necessary. This move has provoked a decline in global equities, highlighting the ongoing maritime dispute between both nations. As trade negotiations loom, China and the US are engaging in a wider economic conflict that encompasses tariffs and operational restrictions, potentially threatening economic stability in the global market.
Source: YAHOO