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China To Sanction US Defence Firms Boeing Defence, Lockheed Martin & Raytheon Corp Over Arms Sales To Taiwan
US President Donald Trump and China President Xi Jingping.
Miffed over the United States’ (US) recent approval of $1.8 billion arms sales to Taiwan, China has decided to impose unspecified sanctions on the US-based defence majors Raytheon Technologies Corp, Lockheed Martin Corp and Boeing Corp's defence unit Boeing Defence, reports Hindustan Times.
The latest $1.8 billion arms sale was approved by the State Department of the US headed by Secretary of State Mike Pompeo days ago. The package has been submitted to the Congress for a final review.
If cleared by the US' Congress, this package would come in addition to the recent sale of Lockheed Martin's F-16 fighter jets to Taiwan. The sale of 66 new model F-16 Block 70 fighter jets was finalised in August.
Meanwhile, it should be noted that China had also imposed sanctions on Lockheed Martin in bygone July over a previous arms sale to Taiwan. However, the US-based defence major has stated that its presence in China is limited.
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