China’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies for their arms sales to Taiwan.
14 minutes agoFILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2021. China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday, May 20, 2024, for arms sales to Taiwan, on the day of Taiwan's presidential inauguration.
In April, China froze assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. The company also helps make the Abrams tank, which is being purchased by Taiwan to replace outdated armor intended to deter or resist an invasion from China. In 2022, China announced sanctions against Ted Colbert, the president and CEO of Boeing Defense, Space and Security. after the company won a $355 million contract to supply Harpoon missiles to Taiwan.
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China sanctions Boeing, two U.S. defense contractors for Taiwan arms salesChina’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies for their arms sales to Taiwan. The companies include Boeing’s Defense, Space & Security unit, General Atomics Aeronautical Systems, and General Dynamics Land Systems. Monday is the day of Taiwan's presidential inauguration.
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