The tit for tat between Xi Jinping and Trump continues! Where will this end?
"Beijing imposed sanctions on Friday against 20 U.S. defense-related companies and 10 executives, a week after Washington announced large-scale arms sales to Taiwan.
The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them, according to the Chinese foreign ministry.
The companies include Northrop Grumman Systems Corporation, L3Harris Maritime Services and Boeing. Among the defense executives sanctioned is Anduril Industries’ founder Palmer Luckey, who can no longer do business in China and is barred from entering the country. Those sanctioned in the East Asian country have also had assets frozen. ...
China’s military has increased its presence in Taiwan’s skies and waters in the past few years, holding joint drills with its warships and fighter jets on a near-daily basis near the island.
Under American federal law, the U.S. is obligated to assist Taiwan with its self-defense, a point that has become increasingly contentious with China. ..."
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