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China escalates US trade fight with curbs on shipping
Mint Kolkata
|October 15, 2025
China sanctioned the US units of a South Korean shipping giant and threatened further retaliatory measures on the industry, the latest in a series of tit-for-tat moves as Beijing and Wash-
ington jockey for leverage before expected trade talks.
The sanctions, which prohibit people or organizations in China from transacting with US units of Hanwha Ocean Co., helped fuel a slump in global equities on Tuesday as traders dialed back hopes for an easing of tensions between the world’s largest economies.
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