VSAT - China To Sanction US Defense Manufacturers Over Taiwan Arms Sales | Benzinga
In retaliation for the latest U.S. arms sales to Taiwan, China has announced sanctions against five American military manufacturers. This move comes amid rising tensions between Beijing and Washington, just days before Taiwan’s critical elections.
What Happened: A Chinese foreign ministry spokesperson on Sunday revealed that sanctions will be imposed on five U.S. military manufacturers, Reuters reported. The companies facing sanctions are BAE Systems Land (OTC:BAESY) and Armaments, Alliant Techsystems Operations (NYSE:ATK), AeroVironment (NASDAQ:AVAV), Viasat (NASDAQ:VSAT), and Data Link Solutions. The sanctions will involve freezing the assets of these firms and prohibiting any transactions or dealings with them by individuals or organizations in China.
These sanctions come in response to the recent U.S. arms sales to Taiwan, which China claims infringe upon its sovereignty and security interests. The U.S. State Department approved a $300 million sale of equipment aimed at maintaining Taiwan’s tactical information systems, a move that China strongly opposes. This controversy adds to the ongoing tensions between the two superpowers over the status of Taiwan.
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