Lockheed Martin, Boeing Defense Among 45 US Entities Penalised By China

Washington:

China has escalated its counter-offensive against the United States by intensifying its sanctions on American defence firms. In less than a week, Beijing today announced a second round of sanctions on ten US companies. The reason – sale of arms to Taiwan.

With this, China has, in total, sanctioned or penalised 45 US entities – 17 firms and 28 entities – over varying degrees of penalties. While 17 firms have been sanctioned, 28 others have been penalised by adding them to an export ban list.

Among those sanctioned today are some of the biggest defence manufacturers globally – subsidiaries of Lockheed Martin, Raytheon, and General Dynamics.

In a statement issued by China’s Ministry of Commerce, all ten US firms have been added to Beijing’s “Unreliable entities list” for “participating in selling of