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China Retaliates Against Lockheed Martin on Taiwan Part Sale
Bloomberg News
Updated on
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Move follows U.S. approving possible $620 million missile deal
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U.S.-China tensions have been growing on multiple fronts
Bremmer Says U.S. Relationship With China Is 'Heading Into the Toilet'
China will impose unspecified sanctions on defense contractor Lockheed Martin Corp. after the U.S. approved a possible $620 million deal to supply missile parts to Taiwan, the latest in a series of punitive actions by the superpowers as relations grow colder.
“China firmly opposes U.S. arms sales to Taiwan,” Chinese Foreign Ministry spokesman Zhao Lijian said at a briefing in Beijing on Tuesday. “We will impose sanctions on the main contractor of this arms sale, Lockheed Martin,” he said, without elaborating on what form the sanctions may take.
