China to impose sanctions on US arms suppliers to Taiwan – By Associated Press (FOX News) / Oct 26 2020
Chinese-U.S. relations have plunged to their lowest level in decades amid disputes about security, technology, the coronavirus pandemic and human rights
BEIJING — China’s government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.’s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing’s strategic ambitions.
Raytheon Technologies Corp. and “relevant American individuals” associated with the sales also will be affected, said a foreign ministry spokesman, Zhao Lijian. He gave no details of what penalties might be imposed or when.
The ruling Communist Party claims Taiwan, which split with the mainland in 1949 during a civil war, as part of its territory and has threatened to invade. Washington promised in the 1980s to reduce and eventually end weapons sales to Taiwan but insists its dispute with Beijing must be settled peacefully.
“In order to safeguard national interests, China decided to impose sanctions on the American companies that were involved in arms sales to Taiwan,” Zhao said at a regular news briefing.
Continue to article: https://www.foxbusiness.com/industrials/china-to-impose-sanctions-on-us-arms-suppliers-to-taiwan
