[Global Times Special Correspondent in South Korea Li Zhiyin Global Times Special Correspondent Wu Ming] On October 14, Eastern Time, the United States formally implemented restrictions such as port fees on China's maritime, logistics and shipbuilding fields based on the results of the so-called 301 investigation. China's Ministry of Commerce expressed strong dissatisfaction with this on the 14th and resolutely opposed it. On October 10th, it announced that it would charge special port fees for ships involving American elements such as American flag, American-made, American-owned, equity-owned or operated by American companies. The Ministry of Commerce also issued an announcement on the 14th, announcing counter-measures against five related US subsidiaries of Hanwha Ocean Co., Ltd.

China's Ministry of Commerce said in the announcement that the United States carried out 301 investigations on China's maritime, logistics and shipbuilding industry and took measures, seriously violating the basic norms of international law and international relations, seriously damaging the legitimate rights and interests of Chinese enterprises.Huawei Marine Corporation in the United States related subsidiaries assist, support the relevant investigation activities of the United States government, jeopardize our sovereignty, security, and development interests.In accordance with the relevant laws and regulations of the People's Republic of China anti-foreign sanctions law, the Chinese side decided to include five relevant US subsidiaries of Huawei Marine Corporation in the counter-list, and prohibit organizations, individuals in our country to conduct related transactions, cooperation and other activities.

According to the South Korean "Kyokounnews", on the 14th, the Hunan ocean stock price closing declined by more than 5%, the currency exchange rate of the Korean currency against the U.S. dollar broke the 1430 U.S. yuan, a five-and-a-half-month high.

South Korea's "Chosun Ilbo" said that the sanctions are ostensibly aimed at South Korean companies, but are actually an extension of the Sino-US trade game. As the "battlefield" of trade and technological conflicts between the two sides expands to traditional manufacturing areas such as shipbuilding and shipping, South Korea's situation between the two countries has become increasingly delicate. The report pointed out that China's sanctions coincide with the eve of the APEC Leaders 'Informal Meeting in Gyeongju, which may hinder the South Korea-US shipbuilding cooperation project "MASGA (Make the U.S. Shipbuilding Industry Great Again)". As the core of the project, Hanwha Ocean is named by China for its political symbolism.

In response to the 301 investigation initiated by the United States, China's Ministry of Transport issued an announcement on the 14th, announcing the launch of an investigation on the impact on the security and development interests of the shipping industry, shipbuilding industry and related industrial chains and supply chains, and corresponding measures will be introduced in due course according to the investigation.