Trump Administration Warns China Against Retaliatory Measures on Foreign Firms
The TRUMP administration has issued a stern warning to China, cautioning against severe measures targeting foreign firms involved in critical US industries. This follows Beijing's recent sanctions against a South Korean shipping company's US divisions, seen as part of China's broader strategy to influence global supply chains and deter foreign investment in American shipbuilding and other key sectors.
US Trade Representative Jamieson Greer highlighted China's actions as part of a global pattern of economic pressure aimed at shaping American politics and controlling maritime trade. With China dominating over half of the world's shipbuilding capacity and asserting control over the South China Sea, tensions in the maritime industry continue to escalate, posing risks to the global economy, which relies heavily on shipping for over 80% of international trade.
