Published: Wed, July 17, 2019
Global News | By Blake Casey

China threatens sanctions on United States over Taiwan arms sales

China threatens sanctions on United States over Taiwan arms sales

Ministry spokesman Geng Shuang made the comments at a daily news briefing in Beijing.

"China's government and Chinese companies will not cooperate or have commercial contacts with these US companies".

"In order to safeguard national interests, China will impose sanctions on USA companies involved in the arms sales to Taiwan", he added. State Department had affirmed the clearance of the weapons mentioned by Taiwan, including 108 General Dynamics Corp (GD.N) M1A2T Abrams tanks and 250 Stinger rockets, which are produced by Raytheon (RTN.N).

The US announced plans for sales of $2.2 billion in tanks, missiles and related military hardware to Taiwan in June, drawing the ire of Beijing, which sees such sales as interference in its sovereignty claims over the self-ruled island. "But believe this - Chinese people always stress standing by their word".

Despite Earnings Beat, Are There Growth Concerns at Goldman Sachs?
Banks can not announce dividend increases or new plans to buy back stock unless the Fed gives their capital plans a green light. Goldman is shifting the focus of its business model away from trading to a more stable, consumer-oriented revenue stream.

China has also forced nations, including the United States, that want to do business with it to refrain from treating Taiwan as an independent country. Beijing did not disclose details about the sanctions. China is an important market for both Honeywell and Gulfstream.

"Honeywell has no input into these agreements and has had no direct dealings with Taiwan".

Subsidiary protection is an global protection given to a non-EU national or a stateless person who does not qualify as a refugee and might face the risk of suffering serious harm if returned to their country of origin, according to the EU's Web site. "That same day, Chinese Ambassador to the U.S. Cui Tiankai tweeted "#Taiwan is part of #China.

It is the second countermeasure taken by China against the announced sales of tanks, antimissile systems and fighters worth more than two billion dollars to Taiwan. American companies are not allowed to sell weapons to China since that country cracked down the student uprising in Tiananmen Square in 1989. Tsai recently stopped over in the US on a trip to visit Taiwan's diplomatic allies in the Caribbean. She is due to transit the United States again at the end of her trip next week.

Like this: