Chinese Sanctions on Hanwha's US Shipbuilding Units Aim to 'Coerce' South Korea, State Dept Says
10 Articles
10 Articles


China Punishes South Korean Shipbuilder Helping U.S. Revitalize Construction Capability
The Chinese Commerce Ministry on Tuesday announced sanctions against five subsidiaries of South Korean shipbuilding company Hanwha Ocean. The sanctions appeared to be retaliation for a U.S. investigation into China’s dominance of global shipbuilding — and the sanctions arguably demonstrate that Washington’s allegations are correct. The investigation that angered Beijing was launched by the U.S. Trade Representative (USTR) in April 2024 and compl…


Chinese sanctions on Hanwha's US shipbuilding units aim to 'coerce' South Korea, State Dept says
SEOUL - Chinese sanctions imposed this week on U.S. affiliates of shipbuilder Hanwha Ocean aim to undermine South Korea-U.S. cooperation and \"to coerce\" Washington's Asian ally, a U.S. State Department spokesperson said on Friday. Read more at straitstimes.com.
On October 14, the United States officially imposed port fees on Chinese-affiliated vessels to counter China's unfair policies and practices that control the global maritime industry and to boost the U.S. shipbuilding industry. While it's no surprise that China retaliated against the United States the same day, the CCP's rare announcement of sanctions against five U.S. subsidiaries of Hanwha Group, a South Korean military-industrial giant, was s…
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