Beijing freezes assets of US companies in response to defense deal with Taiwan (China)

On December 5, China announced sanctions on 13 US military companies in response to Washington's arms sales to Taiwan (China).

China and the US continue to disagree over the Taiwan issue. (Source: Getty)

Beijing’s retaliation against Washington comes after the White House approved a $385 million sale of defense parts and support for F-16 jets and radars to Taiwan, which Beijing said undermined China’s sovereignty and integrity.

On the same day, the Chinese Foreign Ministry announced that the companies on the sanctions list include: Teledyne Brown Engineering Inc, BRINC Drones Inc, Shield AI Inc, Rapid Flight LLC, Red Six Solutions, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Systems Inc, HavocAI, Neros Technologies, Cyberlux Corporation, Domo Tactical Communications and Group W.

Beijing also said it would freeze the assets of executives from five US companies including Raytheon, BAE Systems and United Technologies in China and ban them from traveling to Beijing.

China even prohibits organizations and individuals in the country from trading with the above companies.

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