China Sanctions US Defense Firms Over Taiwan Arms Deal
World
China has imposed sanctions on US defense companies and their executives in response to Washington’s approval of a record $11 billion arms sale to Taiwan.
China announced sanctions against 20 US defense companies and ten senior executives following the US decision to approve a large-scale arms sale to Taiwan. The move was confirmed by China’s Ministry of Foreign Affairs.
Among the sanctioned entities are Boeing’s St. Louis division, Northrop Grumman Systems Corporation, L3Harris Maritime Services, and others. Anduril Industries founder Palmer Luckey and nine other executives were also targeted, facing entry bans to China and asset freezes.
All sanctioned companies will have their assets in China frozen, and any business dealings with them will be prohibited. Beijing stated that the arms sale seriously violates the “One China” principle and existing bilateral agreements with the United States.
Earlier in December, the US State Department approved a $11.1 billion arms package for Taiwan, including HIMARS rocket systems, anti-tank missiles, and drones. According to South China Morning Post, it is the largest arms sale in Taiwan’s history. The deal still requires approval by the US Congress.
Bloomberg notes that the practical impact of the sanctions may be limited, as many of the targeted companies and individuals have little or no exposure to the Chinese market.
China considers Taiwan an inseparable part of its territory, while the island views itself as a separate state.
Among the sanctioned entities are Boeing’s St. Louis division, Northrop Grumman Systems Corporation, L3Harris Maritime Services, and others. Anduril Industries founder Palmer Luckey and nine other executives were also targeted, facing entry bans to China and asset freezes.
All sanctioned companies will have their assets in China frozen, and any business dealings with them will be prohibited. Beijing stated that the arms sale seriously violates the “One China” principle and existing bilateral agreements with the United States.
Earlier in December, the US State Department approved a $11.1 billion arms package for Taiwan, including HIMARS rocket systems, anti-tank missiles, and drones. According to South China Morning Post, it is the largest arms sale in Taiwan’s history. The deal still requires approval by the US Congress.
Bloomberg notes that the practical impact of the sanctions may be limited, as many of the targeted companies and individuals have little or no exposure to the Chinese market.
China considers Taiwan an inseparable part of its territory, while the island views itself as a separate state.
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