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Economic news

China slaps sanctions on 3 US firms, 10 senior execs over weapons sales to Taiwan

10/10/2024

Less than a minute

2024.10.10 05:51

© Reuters. FILE PHOTO: United States and Chinese flags are set up before a meeting between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, July 8, 2023. Mark Schiefelbein/Pool via REUTERS/File Photo

BEIJING (Reuters) – China’s foreign ministry on Thursday announced it had imposed sanctions on three U.S. military-linked firms and 10 senior excecutives over U.S. weapons sales to Taiwan.

The steps taken against the firms, including Edge Autonomy Operations LLC, Huntingdon Ingalls Industries Inc and Skydio Inc, became effective on Thursday and will freeze any property within China, the foreign ministry said in a statement.

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10/10/2024

Less than a minute