China Sanctions US Companies Over Taiwan Arms Sales

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government's annual defense spending bill, which a Chinese Foreign Ministry statement said “includes multiple negative sections on China.”China objects to American military assistance for Taiwan and often imposes sanctions on related companies after a sale or aid package is announced. The sanctions generally have a limited impact, because American defense companies don't sell arms or other military goods to China. The U.S. is the main supplier of weapons to Taiwan for its defense. The seven companies being sanctioned are Insitu Inc., Hudson Technologies Co., Saronic Technologies, Inc., Raytheon Canada, Raytheon Australia, Aerkomm Inc. and Oceaneering International Inc., the Foreign Ministry statement said. It said that “relevant senior executives” of the companies are also sanctioned, without naming any. Any assets they have in China will be frozen, and organizations and individuals in China are prohibited from engaging in any activity with them, it said. U.S. President Joe Biden last week authorized up to $571 million in Defense Department material and services and military education and training for Taiwan. Separately, the Defense Department announced that $295 million in military sales had been approved.. It establishes a fund that could be used to send military resources to Taiwan in much the same way that the U.S. has backed Ukraine. It also expands a ban on U.S. military purchases of Chinese products ranging from drone technology to garlic for military commissarie

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China Sanctions Seven US Companies Over Taiwan Arms SalesThe Chinese government has imposed sanctions on seven US companies in response to recent US military sales and aid to Taiwan. The sanctions come after the US Congress approved a defense spending bill that includes provisions supporting Taiwan. China views US military assistance to Taiwan as a threat to its sovereignty and has repeatedly condemned such actions.
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China Sanctions US Companies Over Taiwan Arms SalesChina has imposed sanctions on seven US companies for their involvement in supplying Taiwan with arms and military equipment. The sanctions, announced by the Chinese Foreign Ministry, are in response to the US government's recent approvals of military aid and sales to Taiwan.
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Global Semiconductor Firms Surge as U.S. Considers Less Severe Sanctions on China's Chip IndustryLeading semiconductor equipment companies saw a surge in their shares after a report suggesting less severe sanctions on China's chip industry by the U.S. ASML and Tokyo Electron saw notable increases in their stock prices.
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