Connect with us

Hi, what are you looking for?

Stock

China imposes sanctions on US military firms over Taiwan arms deal

China has imposed sanctions on 13 American military companies. This action is a direct response to the United States’ involvement in an arms deal with Taiwan.

The sanctions were confirmed by the Chinese foreign ministry, citing the recent authorization of a potential $385-million sale of military equipment to Taiwan as the primary reason for their decision.

The U.S. arms package includes spare parts and support for F-16 fighter jets and radars, a sale that China views as a violation of its sovereignty and territorial integrity.

China regards Taiwan as part of its territory and has expressed strong opposition to any form of interaction with foreign countries by Taiwan’s leadership, including President Lai Ching-te, whom Beijing considers a separatist.

Among the companies targeted by China’s sanctions are Teledyne Brown Engineering Inc, BRINC Drones Inc, and Shield AI Inc. The list extends to Rapid Flight LLC, Red Six Solutions, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Systems Inc, HavocAI, Neros Technologies, Cyberlux Corporation, Domo (NASDAQ:DOMO) Tactical Communications, and Group W.

These firms have been identified in connection with the U.S. arms sale to Taiwan, prompting the sanctions from China.

The U.S. government had facilitated transit through its territory for Taiwan’s president, an action that further strained relations with China and contributed to the imposition of these sanctions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com