China will impose sanctions on Boeing Co and Lockheed Martin over arms sales to Taiwan

China will impose sanctions on Boeing Co and Lockheed Martin over arms sales to Taiwan

Speaking at a press conference on Monday, Chinese Foreign Ministry spokesman Zhao Lijian called on the United States to halt arms sales to the autonomous island and sever military ties with the government in Taipei.

The sanctions are just the latest escalation in growing tensions between the United States and China over Taiwan. Although the island is not controlled by the ruling Communist Party of China, Beijing insists that it is an integral part of its territory and has threatened to use force if necessary to assert its control.

“We will continue to take necessary measures to protect national sovereignty and security interests,” Zhao said. He reiterated that US arms sales to Taiwan “seriously violate” the one-China principle and harm China’s security interests.

The exact details of the sanctions have not been announced yet, but Zhao said they would apply to “relevant US individuals and entities that have played a negative role in arms sales.”

Specifically, Zhao mentioned that the sanctions will affect major US companies such as Lockheed Martin (LMT), Boeing (Bachelor of) Defense contractor work, and Raytheon (RTN).

Boeing said the issue should be resolved by governments.

A Boeing spokesman told CNN Business that “the US government decides which defense systems to provide to Taiwan, and then makes arrangements with the Ministry of Defense to provide such equipment.” “Foreign military sales to any country or entity are a direct contractual obligation between the buyer and the US government / Department of Defense.”

Likewise, Lockheed Martin said that foreign military sales were “intergovernmental transactions” and confirmed that it was working closely with US leadership.

READ  Noose observed within NASCAR driver Bubba Wallace's garage

A spokesman for Lockheed Martin said it adheres to the policy of the United States government with regard to doing business with foreign governments. “We deal with more than 70 countries around the world, and all of our international sales are strictly regulated by the United States government.”

Raytheon did not immediately respond to a request for comment.

In the past year, the Trump administration has moved to strengthen ties with Taipei, including increasing arms sales and facilitating high-level meetings between US and Taiwan officials.
Last week, the United States formally notified Congress of the proposed sale of three advanced weapon systems to Taiwan, for a total estimated value of $ 1.8 billion.

CNN’s Beijing office and Chris Lyakos contributed to this report.

Leave a Reply

Your email address will not be published. Required fields are marked *