China hits Lockheed Martin, Raytheon and Boeing with export ban after US arms sales to Taiwan

Politics and Government Politics and Government

Thu, January 2, 2025

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China hits Lockheed Martin, Raytheon and Boeing with export ban after US arms sales to Taiwan

^{Published on 2025-01-02 07:20:40 - MSN}

China hits Lockheed Martin, Raytheon and Boeing with export ban after US arms sales to Taiwan - Beijing imposes export ban on 28 US defence companies and puts 10 on 'unreliable entities' list

China has imposed export restrictions on three major U.S. defense companies—Lockheed Martin, Raytheon, and Boeing—in retaliation for their arms sales to Taiwan. This move is part of China's broader strategy to assert its sovereignty over Taiwan, which it considers a breakaway province. The export controls target aerospace structural parts, engine manufacturing equipment, and related software and technology, aiming to hinder the companies' operations. This action follows the U.S. approval of a $500 million arms sale to Taiwan, escalating tensions between the U.S. and China. The restrictions could potentially disrupt global supply chains and affect the companies' international business, while also signaling China's willingness to use economic measures to counter U.S. military support for Taiwan.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/china-hits-lockheed-martin-raytheon-and-boeing-with-export-ban-after-us-arms-sales-to-taiwan/ar-AA1wQGyJ ]

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