News of China’s decision to sanction two US defense firms. Last Minute WORLD headlines and events

The Chinese Ministry of Commerce has placed two American companies on the sanctions list for arms sales to Taiwan. The sanctions list includes Lockheed Martin and Raytheon Technologies, working with the US Department of Defense.

Due to the sanctions decision, both companies and their affiliates, Raytheon Missile and Defense Corporation, will not be able to carry out any export or import operations for the Chinese market.

Last February, the Chinese administration announced that it had decided to sanction two US companies on the basis that they had sold $100 million worth of weapons to Taiwan.

Along with the announcement of the sanctions, China’s Foreign Ministry also issued a statement saying that arms sales to Taiwan jeopardize China’s security interests, harming Sino-US relations and stability in the Taiwan Strait.

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