Public Event Detail
Beijing sanctions 7 firms in response to latest US support of Taiwan
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2024-12-28LMTLockheed MartinAlpha Vantage Newsmarket-news
Event summary
China has sanctioned seven US companies in retaliation for US military sales and support to Taiwan, following President Joe Biden's approval of the Pentagon's 2025 budget which includes measures to bolster Taiwan's defense. The sanctioned companies include Insitu, Hudson Technologies, Saronic Technologies, Raytheon Canada, Raytheon Australia, Aerkomm, and Oceaneering International Inc. Beijing has urged Washington to cease arming Taiwan and to view China-US relations objectively.
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