‘we Will Fight To The End’: China Hits Back At Washington As Trade War Reignites
‘we Will Fight To The End’: China Hits Back At Washington As Trade War Reignites
China has expanded its restrictions on the export of rare earth minerals that are essential to the US military industry
China said on 14 October that it has imposed sanctions on US subsidiaries of a South Korean shipbuilding firm, coinciding with a recent surge of tension between Washington and Beijing.
The Chinese government also vowed to fight the trade war with the US “to the end.”
Five US subsidiaries of South Korea’s Hanwha Ocean Group were targeted by Chinese sanctions.
The Chinese Ministry of Commerce said in a statement that the sanctions include a ban on any dealings or cooperation inside China with the five subsidiaries – Hanwha Shipyard LLC, Hanwha Philly Shipyard, Hanwha Ocean USA International LLC, Hanwha Shipping Holding LLC, and USA Holding Corp.
The ministry held these companies responsible for “contributing to and supporting” a US probe into the Chinese shipbuilding sector, adding that these practices “undermine China’s sovereignty, security, and development.”
🔗SOURCE ➡️ The Cradle
Related: 10/10 — — 🇺🇸/🇨🇳 NEW: President Donald Trump has imposed 100% additional tariffs on China, for a total of 130% tariffs, which will go into effect November 1st.
10/1 — ASEAN Readies New Trade Deals For ‘future Without US’
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