🇨🇳🇹🇼🇺🇸 CHINA FREEZES ASSETS AND BANS VISAS FOR US COMPANIES FOR ARMS SALES TO TAIWAN 🇺🇸🇹🇼🇨🇳
China has imposed sanctions against 20 US defense companies and 10 executives, freezing their assets on Chinese territory and banning transactions with local entities, in response to the $11.1 billion arms package approved by Washington for Taiwan.
Among the affected companies are Northrop Grumman Systems Corp., L3Harris Maritime Services, Boeing (St. Louis division), and Vantor (formerly Maxar Intelligence), as well as Palmer Luckey, founder of Anduril Industries, who is banned from entering China, Hong Kong, and Macau.
The Chinese Foreign Ministry described the sales as "a serious violation of the One China principle" and Beijing's sovereignty, which considers Taiwan a rebellious province, urging the US to cease "dangerous actions" that fuel separatists.
This is the largest package in the history of US supplies to Taiwan, mandated by US law for the island's defense, but a constant source of Sino-American friction.
The sanctions, deemed "symbolic" by some analysts as the companies have limited presence in China, still signal anger over the escalation under the Trump administration.
Beijing has a history of similar retaliations, as against Lockheed Martin and General Atomics in the past.
Taiwan thanks for the support for security, while China warns of risks of war in the Strait.
This clash intertwines geopolitics and trade: US companies lose access to the Chinese market, but crypto or tech mining is not directly involved.
#breakingnews #china #usa #taiwan