China lifts sanctions on US units of South Korea ship giant Hanwha / Photo: Matthew Hatcher - AFP/File
-
US says to begin blockade of Iranian ports
-
Germany to cut fuel taxes amid Iran war energy shock
-
Pope Leo kicks off African tour under shadow of Trump's ire
-
Singer Luisa Sonza shares 'unique experience' of Coachella debut
-
Australia names Coyle first woman to lead army
-
Rashford with point to prove as Barca target Atletico comeback
-
Iran executed at least 1,639 people in 2025, most since 1989: NGOs
-
Nuggets roll into NBA playoffs, Raptors clinch berth
-
Flagg's sensational rookie season ends with injury
-
Trump says 'not a big fan' of Pope Leo after his anti-war message
-
Spain's Sanchez calls China trade imbalance with EU 'unsustainable'
-
Oil surges, stocks fall as Trump says to blockade Strait of Hormuz
-
Rivers departing as Bucks coach after disappointing season
-
Raptors top Nets, grab No. 5 seed on last day of NBA regular season
-
Greece's ancient sites get climate-change checkup
-
Lost film of French cinema pioneer retrieved from US attic
-
Rory-peat at Masters has McIlroy hungry for more majors
-
Liverpool seek 'special' Anfield night to salvage troubled season
-
Pope Leo XIV heads to Algeria, first stop of African tour
-
Europe reacts to Hungarian leader Orban's electoral defeat
-
Rose frustrated by latest Masters near-miss
-
Scheffler left ruing slow start after Masters record bid falls short
-
Runoff looms as Fujimori leads troubled Peru vote
-
Spain's Sanchez seeks closer China ties amid strains with US
-
Apex Auto Solutions Inc. Unveils Unified Financial Support System Allowing Customers to Manage Multiple Services Through a Single Text
-
Genflow Biosciences PLC Announces International Patent Publication
-
Empire Metals Limited Announces Issue of Shares & Extension of Options
-
Alpha Launches Japan Fund with former Amova Team
-
Karol G to dance her 'Tropicoqueta' at Coachella
-
McIlroy wins second Masters in a row for sixth major title
-
Orban loses Hungary vote to pro-Europe newcomer after 16 yrs in power
-
Lebanon PM says working to get Israeli troop withdrawal
-
Easter truce between Ukraine and Russia ends
-
Villarreal add to Athletic misery, Oviedo survival hopes boosted
-
Peter Magyar: former govt insider promising system change
-
Inter close in on Serie A title after comeback triumph at Como
-
Exit stage right: Hungary's Orban 16-year rule draws to an end
-
Rose fights for Masters win with McIlroy, Young in hunt
-
Orban concedes 'painful' defeat to conservative Magyar in Hungary polls
-
Garcia warned after Masters meltdown
-
Delays mar vote as crisis-hit Peru picks ninth president in decade
-
Irish government announces tax cuts after fuel cost protests
-
Salt and Kohli in the runs as Bengaluru beat Mumbai in IPL
-
Rosenior admits Chelsea in 'difficult place'
-
Man City must respect Arsenal in title showdown: Guardiola
-
McIlroy begins Masters final round as repeat drama looms
-
Sinner sinks Alcaraz to win Monte Carlo Masters, returns to No.1
-
Stuttgart hammer Hamburg to go third in Bundesliga
-
De Zerbi suffers debut defeat as Spurs crisis deepens, City rampant
-
Delays mar voting as crisis-hit Peru picks ninth president in decade
China lifts sanctions on US units of South Korea ship giant Hanwha
China said Monday it would suspend sanctions against US subsidiaries of Hanwha Ocean, one of South Korea's largest shipbuilders, as a fragile trade truce between Washington and Beijing continued to take shape.
The United States and China have been involved in a volatile trade and tariff war for months, but agreed to walk back some punitive measures after leaders Xi Jinping and Donald Trump met last month in South Korea.
The year-long suspension of measures against Hanwha, effective from November 10, was linked to the US halting port fees it had levied on Chinese-built and operated ships, China's commerce ministry said in an online statement.
"In light of this (US suspension)... China has decided to suspend the relevant measures" for one year, the statement said.
China had imposed sanctions on five US subsidiaries of Hanwha in October, accusing them of supporting a US government "Section 301" investigation that found Beijing's dominance of the shipbuilding industry unreasonable.
Organisations and individuals in China had been banned from cooperating with Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC and HS USA Holdings Corp.
Hanwha announced a $5 billion investment in Philly Shipyard, in the US city of Philadelphia, in August.
J.Gomez--AT