China sanctions 20 US defense companies and 10 executives over massive arms sales to Taiwan

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Source: AP

BEIJING (AP) — 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.

The companies include Northrop Grumman Systems Corporation, L3Harris Maritime Services and Boeing in St. Louis, while defense firm Anduril Industries founder Palmer Luckey is one of the executives sanctioned, who can no longer do business in China and are barred from entering the country. Their assets in the East Asian country have also been frozen.

The announcement of the U.S. arms-sale package, valued at more than $10 billion, has drawn an angry response from China, which claims Taiwan as its own and says it must come under its control.

Read more: https://www.yahoo.com/news/articles/china-sanctions-20-us-defense-112729699.html

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