00:00China just hit pause on a major trade punishment.
00:03And it all ties back to a shipbuilding giant and a high-stakes global rivalry.
00:07Beijing announced its suspending sanctions against five U.S. units of South Korean shipbuilder Hanwha Ocean.
00:13Why? Because the U.S. just stopped charging port fees on Chinese-built ships.
00:18It's the latest twist in a rocky trade war between the world's two biggest economies.
00:22But this move signals a fragile attempt at peace after recent talks between Xi Jinping and Donald Trump in South Korea.
00:29Just last month, China slapped these U.S. Hanwha subsidiaries with sanctions.
00:34The reason? They supported a U.S. investigation accusing China of dominating shipbuilding unfairly.
00:40Now, with a $5 billion Hanwha investment in Philly shipyard on the table.
00:44And a year-long suspension of sanctions in place.
00:47The world is watching closely. Is this a real thaw or just a timeout?
00:51Only time will tell if the waves of this trade war are calming or just shifting.
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