China sanctions U.S. firms over Taiwan arms sales Description video: China will impose sanctions on Boeing, Lockheed Martin and other U.S. companies over arms sales to Taiwan. \n \nSubscribe: http://smarturl.it/reuterssubscribe\n\nReuters brings you the latest business, finance and breaking news video […]
China sanctions U.S. firms over Taiwan arms sales
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China imposed sanctions on US companies for arms sales to Taiwan
China has imposed sanctions on Lockheed Martin, Boeing Defense, Raytheon and other US companies that the government believes are involved in arms sales to Taiwan, Foreign Ministry spokesman Zhao Lijian said on Monday..
He told reporters that China is protecting its national interests, but did not specify exactly what the sanctions would be..
The U.S. Department of State has approved a potential sale to Taiwan of three weapons systems, including sensors, missiles and artillery, that could have a combined value of $ 1.8 billion, the Pentagon said last week..
«To protect our national interests, China has decided to take the necessary measures and impose sanctions on US companies such as Lockheed Martin, Boeing Defense and Raytheon, as well as those individuals and companies that were involved in the arms sales process.», – said Zhao Lijian.
The United States, like most other countries, does not have formal diplomatic relations with Taiwan, but Washington is obliged by law to provide the state with the means for self-defense.
The Trump administration has stepped up support for Taiwan through arms sales and visits by senior US officials, exacerbating tensions between Beijing and Washington, which are already strained over the South China Sea, Hong Kong, human rights, and trade..
That said, a Boeing spokesman said the company’s partnership with the Chinese aviation community has long-term benefits and that the aircraft designer remains committed to it..
Lockheed Martin said in a statement that all of its international military contracts are strictly regulated by the US government and the company’s presence in China is limited..