INTERNATIONAL
US to respond 'appropriately to China's targeting of critical industrial sectors,' Greer says
US Trade Representative Jamieson Greer says China’s intimidation won’t stop America from rebuilding its shipbuilding industry. - REUTERS/Filepic
WASHINGTON: U.S. Trade Representative Jamieson Greer said on Monday Washington will respond "appropriately to China's targeting of critical industrial sectors for dominance," but did not lay out specific follow up steps in his statement.
AI Brief
Officials in South Korea said last week that China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threatened to impact ambitious plans for shipbuilding cooperation between Seoul and Washington.
"Attempts at intimidation will not stop the United States from rebuilding its shipbuilding base and responding appropriately to China's targeting of critical industrial sectors for dominance," Greer said in a statement.
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AI Brief
- China's sanctions on US-linked Hanwha Ocean may disrupt shipbuilding cooperation between South Korea and the US.
- Washington says it will not be intimidated and remains committed to rebuilding its shipbuilding industry.
- The move highlights growing competition over control of critical industrial sectors between China and the US.
Officials in South Korea said last week that China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threatened to impact ambitious plans for shipbuilding cooperation between Seoul and Washington.
"Attempts at intimidation will not stop the United States from rebuilding its shipbuilding base and responding appropriately to China's targeting of critical industrial sectors for dominance," Greer said in a statement.