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China escalates US trade fight with curbs on shipping

Mint New Delhi

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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-

- Bloomberg

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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