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China sanctions 45 US companies

China sanctions 45 US companies

Introduction

China has announced sanctions on 45 U.S. entities, including 17 firms and 28 others added to its export control list. The sanctions target major defense contractors like Lockheed Martin, Raytheon, and Boeing Defense for their involvement in arms sales to Taiwan. These companies are now prohibited from import/export activities, new investments in China, and their executives are barred from entering the country. Additionally, dual-use goods exports to these entities are restricted. This move reflects escalating tensions between Beijing and Washington over Taiwan and national security concerns.

Developing Story

China has stepped up its response to the United States by increasing sanctions on American defence companies. Today, Beijing announced a second round of sanctions on ten US firms in less than a week. The reason behind this is the sale of arms to Taiwan.

China has now sanctioned or penalized a total of 45 US entities. This includes 17 companies that have been sanctioned, while 28 other entities have been added to an export ban list. Some of the largest defence manufacturers in the world, including subsidiaries of Lockheed Martin, Raytheon, and General Dynamics, are among those sanctioned today. China's Ministry of Commerce said that Beijing has placed all ten American companies on its "Unreliable entities list" for "participating in selling of arms to Taiwan." Additionally, it said that these companies will "be prohibited from all import and export activities" in the nation going forward. They won't be permitted to make investments in China either.

Conclusion

Trade wars do not help any nations but in the end citizens get hit by high taxes and cut in subsidy. What did Donald Trump gain to step on the tail of the snake.

You are Presidnet of America and yet do not know decades of work which went into by GATT ( WHO) to have a tariff free world.

All you know is making money but as we all observe your political and economic knowledge is zero

This is a new world now.

Please share how will you bring down the $1.8 trillion trade deficit ‘by building a wall ‘

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