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China halts countermeasures against five US-linked Hanwha Ocean units for one year

( November 10, 2025, 09:17 GMT | Official Statement) -- MLex Summary: China’s Ministry of Commerce said Monday it will suspend for one year its countermeasures against five US-linked subsidiaries of South Korea’s Hanwha Ocean, following Washington’s decision to pause Section 301 tariffs on China’s maritime, logistics and shipbuilding sectors. The suspension, effective immediately, allows Chinese organizations and individuals to resume transactions and cooperation with the entities, the ministry said.The statement follows:...

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