China Slaps Symbolic Sanctions on US Firms
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Analysts say the US$11.1 billion package could narrow the scope of a meeting between US leader and Xi, even if the talk goes ahead.
BEIJING -- Beijing imposed sanctions on Friday against 20 U.S. defense-related companies and 10 executives, a week after Washington annoucned large-scale arms sales to Taiwan. The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them, according to the Chinese foreign ministry.
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Angry Beijing hits back at Trump after huge $10bn Taiwan arms deal announced
China has imposed sanctions on 20 US defense companies and 10 executives, a week after the US announced a $10+ billion arms package for Taiwan, which China claims as its own.
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Beijing is cracking down on dozens of U.S. companies and corporate leaders after President Donald Trump approved a weapons package for sale to Taiwan. Boeing, L3 Harris Marine Services, Northrop Grumman Services,