Chinese shipping giant COSCO has hit back at U.S. accusations of unfair trade practices, calling recent restrictions “discriminatory” and a threat to the global maritime industry. 🌊 The clash comes after the U.S. launched a Section 301 investigation into China's shipping and logistics sectors, triggering new trade barriers.
In a fiery Monday statement, COSCO warned the measures are based on “erroneous facts” and could destabilize supply chains worldwide. 🚨 The company stressed that fair competition in shipping—a lifeline for 90% of global trade—is now at risk.
“These actions don’t just target China,” the statement read. “They’re like tossing an anchor on everyone’s efforts to keep goods moving smoothly from smartphones to solar panels.” 📱🔋 Analysts say the tension underscores growing tech and trade rivalries, with young professionals and entrepreneurs caught in the crossfire.
With COSCO operating over 1,300 vessels globally, the fallout could ripple through ports from Los Angeles to Lagos. 🌍💼 Stay tuned as this trade storm brews.
