financetom
Business
financetom
/
Business
/
China slaps sanctions on 13 US military firms over Taiwan arms sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China slaps sanctions on 13 US military firms over Taiwan arms sale
Dec 5, 2024 12:52 AM

BEIJING (Reuters) - China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan's president to transit through its territory.

The step follows China's strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan, which Beijing says undermines its sovereignty and territorial integrity.

China, which considers Taiwan its own territory and its President Lai Ching-te a dangerous separatist, opposes any foreign interactions or visits by the island's leaders.

Companies targeted by the sanctions include Teledyne Brown Engineering Inc, BRINC Drones Inc and Shield AI Inc, the foreign ministry said in Thursday's statement.

Other companies facing sanctions are Rapid Flight LLC, Red Six Solutions, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Systems Inc, HavocAI, Neros Technologies, Cyberlux Corporation, Domo Tactical Communications and Group W.

In addition, China will freeze the assets of six executives from five companies including Raytheon, BAE Systems and United Technologies, in China, and bar their entry to the country.

Chinese organisations and individuals are also prohibited from dealing with them.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump presses ahead with auto tariffs, ratcheting up trade war
Trump presses ahead with auto tariffs, ratcheting up trade war
Mar 26, 2025
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production. What we're going to be doing is a 25%...
QUOTES-Investors react to Trump announcement of auto tariffs
QUOTES-Investors react to Trump announcement of auto tariffs
Mar 26, 2025
(Adds second and third investor comments) March 26 (Reuters) - U.S. President Donald Trump said late on Wednesday that the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light trucks imported into the United States will be permanent. Shares of General Motors ( GM...
OpenAI close to finalizing $40 billion SoftBank-led funding, Bloomberg News reports
OpenAI close to finalizing $40 billion SoftBank-led funding, Bloomberg News reports
Mar 26, 2025
March 26 (Reuters) - OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp, Bloomberg News reported on Wednesday. The funding round includes investors such as Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital Management, the report added. Reuters in January reported that SoftBank Group was in talks to lead a funding round of...
Trump uses 2019 national security probe to justify tariffs on auto imports
Trump uses 2019 national security probe to justify tariffs on auto imports
Mar 26, 2025
By Andrea Shalal and David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday announced 25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country's industrial base and national security. Trump's proclamation argued that those threats, first identified during an investigation concluded in February 2019 - during his first term in office...
Copyright 2023-2026 - www.financetom.com All Rights Reserved