Sony Group Corp Archives

Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal

Sagar1 day ago03 mins

Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group,…

Inside trade war’s tariff hideouts, ‘FTZs’ and bonded warehouses

Sagar3 weeks ago06 mins

To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…

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Sony Group Corp

Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal

Inside trade war’s tariff hideouts, ‘FTZs’ and bonded warehouses