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China Sanctions US Companies Over Taiwan Arms Sales

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CHINA,TAIWAN,US

China has imposed sanctions on seven US companies in response to recent US military sales and aid to Taiwan. The sanctions also target the US annual defense spending bill, which China views negatively. The affected companies include Insitu Inc., Hudson Technologies Co., Saronic Technologies, Inc., Raytheon Canada, Raytheon Australia, Aerkomm Inc. and Oceaneering International Inc. Chinese authorities will freeze any assets the companies hold in China and prohibit Chinese organizations and individuals from engaging with them.

Updated: 2 hours agoFILE - The American and Chinese flags wave at Genting Snow Park, Feb. 2, 2022, in Zhangjiakou, 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.

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.

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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.
Source: ABC - 🏆 471. / 51 Read more »