China COSCO Shipping Corp. Rejects US Trade Allegations
China COSCO Shipping Corp., Ltd. has firmly rejected recent U.S. accusations of unfair practices in China\u2019s maritime, logistics, and shipbuilding sectors. In a statement released Monday, the shipping giant condemned U.S. restrictive measures as \u201cdiscriminatory\u201d and grounded in \u201cerroneous facts,\u201d following a U.S. Section 301 investigation.
Trade Tensions Threaten Global Supply Chains
The company warned that the U.S. actions risk undermining fair competition and destabilizing global shipping networks. \u201cThese measures impede the industry\u2019s normal operations and jeopardize the sustainable development of global supply chains,\u201d the statement read. COSCO emphasized that the fallout could affect \u201csecurity, resilience, and orderly operation\u201d of international trade frameworks.
Calls for Dialogue Over Decoupling
While pledging compliance with international rules, COSCO urged the U.S. to \u201caddress differences through dialogue\u201d rather than unilateral measures. Analysts suggest the dispute highlights growing friction in U.S.-China trade relations, particularly in sectors critical to global commerce.
