We provide the latest news from the world of economics and finance
Friction is mounting in the Sino-American trade war. China has introduced a new dimension to the wide-ranging dispute by imposing sanctions on five U.S. subsidiaries of South Korea’s Hanwha Ocean shipbuilding company.
China’s Commerce Ministry on Tuesday accused the subsidiaries of “assisting and supporting the U.S. government probes and measures against Chinese maritime, shipbuilding and logistics sectors.”