CosmicTaco

China Sanctions U.S. Firms Over Taiwan Military Aid

CosmicTaco · 2024-12-27T22:07:01.710873+05:30

- China imposed sanctions on seven U.S. companies in response to recent U.S. military aid to Taiwan, citing violations of sovereignty. - The sanctions target companies like Insitu Inc. and Raytheon subsidiaries, freezing their assets in China and banning business with Chinese entities. - This move follows U.S. President Biden's authorization of $571 million in defense aid to Taiwan, escalating tensions between the U.S. and China. Source: [Apnews](https://apnews.com/article/china-sanctions-us-military-sales-taiwan-33e27d5389740e4a1f6c2f1ff7381931), [Raw Story](https://www.rawstory.com/china-sanctions-u-s-firms-over-taiwan-military-support/)

China imposed sanctions on seven U.S. companies in response to recent U.S. military aid to Taiwan, citing violations of sovereignty.
The sanctions target companies like Insitu Inc. and Raytheon subsidiaries, freezing their assets in China and banning business with Chinese entities.
This move follows U.S. President Biden's authorization of $571 million in defense aid to Taiwan, escalating tensions between the U.S. and China.

Source: Apnews, Raw Story