US EditionChina lifts sanctions on US units of South Korea ship giant Hanwha
China suspended sanctions for 12 months on five U.S. subsidiaries of Hanwha Ocean following a U.S.-China trade detente and a pause in the U.S. Section 301 investigation, officials said.
- China suspended sanctions against US subsidiaries of South Korean shipbuilder Hanwha Ocean, effective from November 10.
- The suspension was linked to the US halting port fees it had levied on Chinese-built and operated ships.
- China had imposed sanctions on five US subsidiaries of Hanwha in October, accusing them of supporting a US investigation into China's shipbuilding industry dominance.
52 Articles
52 Articles
China suspends countermeasures against five U.S.-linked subsidiaries of Hanwha Ocean
China has decided to suspend countermeasures against five U.S.-linked subsidiaries of Hanwha Ocean for one year, effective November 10, as the United States pauses its Section 301 investigations into China's maritime, logistics and shipbuilding industries, China's Ministry of Commerce said on Monday.
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.
China temporarily lifts sanctions on Hanwha Ocean’s US subsidiaries
China has decided to temporarily lift sanctions on Hanwha Ocean’s five U.S. subsidiaries for one year, following an agreement with the United States to avoid further escalation in their trade conflict. China’s Ministry of Commerce announced, Monday, that restrictions on Hanwha Shipping, Hanwha Philly Shipyard, Hanwha Ocean USA International, Hanwha Shipping Holdings and HS USA Holdings would be suspended for the next 12 months. This move comes a…
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