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home / articles / TSM - China Halts Nuclear Talks With US Over Taiwan Arms Sales After Reportedly Sanctioning Lockheed Martin Executives In June | Benzinga


TSM - China Halts Nuclear Talks With US Over Taiwan Arms Sales After Reportedly Sanctioning Lockheed Martin Executives In June | Benzinga

China has decided to suspend talks with the U.S. on arms control and nuclear proliferation. The decision comes in response to the U.S.’ continued arms sales to Taiwan, a move that China strongly opposes.

What Happened: China’s foreign ministry announced on Wednesday that it would be suspending talks with the U.S. on arms control and nuclear proliferation. This decision was made in protest against the U.S.’ ongoing arms sales to Taiwan, an island that China considers its territory, reported The Guardian.

The U.S., a key ally and arms supplier to Taiwan, recently approved a $500 million military financing package for Taiwan, along with $2 billion in loans and loan guarantees. Additionally, $300 million in spare and repair parts for Taiwan’s F-16 fighter jets were also approved.

China’s foreign ministry spokesperson, Lin Jian, stated that despite “strong Chinese opposition and repeated negotiations,” the U.S. continued ...

Full story available on Benzinga.com

Stock Information

Company Name: Taiwan Semiconductor Manufacturing Company Ltd.
Stock Symbol: TSM
Market: NYSE
Website: tsmc.com

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