China Sanctions U.S. Companies Over Taiwan Military Aid
Beijing targets seven firms and executives following U.S. approval of $571 million in defense support for Taiwan.
- China announced sanctions on seven U.S. companies and their senior executives in response to recent military aid and arms sales to Taiwan.
- The sanctions include asset freezes in China and a ban on collaboration with Chinese organizations or individuals.
- The U.S. recently approved $571.3 million in defense assistance and $385 million in arms sales to Taiwan, which Beijing views as undermining its sovereignty.
- China's Foreign Ministry criticized the U.S. defense budget for 2025, which allocates resources for Taiwan's security and restricts military purchases of Chinese goods.
- Tensions between the U.S. and China over Taiwan have escalated, with Beijing conducting military drills near the island and warning against further U.S. support.