China's Retaliatory Measures Target US Entities Amid Shipping Dispute

China has threatened further retaliatory measures against the United States after sanctioning five US entities linked to Hanwha Ocean, escalating tensions in the shipbuilding sector.

• On Tuesday, Chinas Ministry of Commerce announced limits on five US entities of Hanwha Ocean, a major South Korean shipbuilder, in response to US restrictions.
• The sanctions led to a significant drop in Hanwha Oceans shares, which fell as much as 8% in Seoul, marking its largest decline in nearly two months.
• Beijings actions are part of a broader shipping dispute, reflecting ongoing economic tensions between China and the United States that affect international trade dynamics.