WORLD - ASIA - CHINA
China to Sanction U.S. Companies for Arms Sales to Taiwan
Beijing says U.S. approval of $2.2 billion in military sales harms its national security
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The U.S. blacklisting of Huawei is cutting off American businesses from a big client. WSJ’s Dan Strumpf looks at the American technology that has powered the Chinese company’s smartphones. Photo composite: Sharon Shi
By Philip Wen and William Mauldin
Updated July 12, 2019 1:49 pm ET
China said Friday it would sanction U.S. firms that participate in arms sales to Taiwan, a retaliatory move that is expected to have minimal effect on defense companies but is likely to further complicate efforts to resolve the simmering trade dispute between Beijing and Washington.
The U.S. announced plans for sales of $2.2 billion in tanks, missiles and related military hardware to Taiwan in June, drawing the ire of Beijing, which sees such sales as interference in its sovereignty claims over the self-ruled island.
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READ MORE: https://www.wsj.com/articles/china-to-sanction-u-s-companies-for-arms-sales-to-taiwan-11562937253
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