The move followed the announcement of a U.S. arms-sale package valued at more than $10 billion that drew an angry response from China, which claims Taiwan as its own.
Beijing imposed sanctions on Friday against 20 U.S. defense-related companies and 10 executives, a week after Washington announced 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.
Looks like some “independent” corporations will need to make some rare earth pizza ovens then, since they applied them to corporations, and not the US as a whole. As I said, performative. Looks like China is trying to get trump to apply a ton of tarrifs, so that they have cassus belli, or reasons to continue the trade war.