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Breaking News Today Live Updates: China has lifted sanctions on US subsidiaries of South Korean shipbuilder Hanwha Ocean, signalling a tentative easing of trade tensions with Washington.

Breaking News Live Updates: China lifts sanctions on US subsidiaries of South Korean shipbuilder Hanwha

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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.

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