• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

China slaps sanctions on 13 US military firms over Taiwan arms sale

by December 5, 2024
written by December 5, 2024

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 (NASDAQ:DOMO) Tactical Communications and Group W.

In addition, China will freeze the assets of six executives from five companies including Raytheon (NYSE:RTN), BAE Systems (LON:BAES) and United Technologies (NYSE:RTX), in China, and bar their entry to the country.

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

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
French debt risk premium falls after government collapses
next post
Synopsys shares slide as soft guidance offsets Q4 results beat

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Bezos’ Blue Origin faces last-minute delays in debut New Glenn rocket launch
    • Can the ongoing Q3 season derail AI growth story?

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy