China Sanctions Lockheed Martin, Raytheon Over Arms Sales To Taiwan
NDTV
Lockheed Martin Corp and Raytheon Missile and Defense Corp are prohibited from "engaging in import and export activities related to China," said China's commerce ministry said.
China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an "unreliable entities list" over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies.
The measures come amid heightened tensions after the US military shot down what it says was a Chinese spy balloon, and a day after Beijing warned of "countermeasures against relevant US entities that undermine China's sovereignty and security".
Lockheed Martin Corp and Raytheon Missile and Defense Corp, a subsidiary of Raytheon Technologies Corp, are prohibited from "engaging in import and export activities related to China," China's commerce ministry said in a statement.
"These are symbolic measures and unnecessary - that's how we view them," White House press secretary Karine Jean-Pierre told reporters on Thursday.
