Beijing considers Taiwan as part of China, but the U.S. has a decades-old agreement to assist the East Asian state.
Four US-made F-16 Apache attack helicopters launch missiles during the 35th "Han Kuang" military drill in southern Taiwan's Pingtung county on May 30, 2019.Beijing has threatened to ban any U.S. firm involved in selling arms to Taiwan from doing business in China.
China's foreign ministry spokesman Geng Shuang reportedly told journalists in Beijing on Monday, that business ties with U.S. firms involved in the sale would be ended if the deal went through. Grevatt added that China has previously threatened potential sanctions against U.S. firms but has failed to take any action.
Although Geng refused to specify any U.S. companies, it is known that Honeywell and General Dynamics are the major names behind the tanks while Raytheon is the manufacturer of Stinger missiles.IHS Markit's Grevatt said any ban "could feasibly impact" companies involved in sales of non-military products to China such as within the auto and aerospace sectors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan defends U.S. arms deal after China sanctions threatThe U.S. does not have formal diplomatic ties with Taiwan, but U.S. law requires that it provide Taiwan with sufficient defense equipment and services for self-defense.
Read more »
China holds drills in Taiwan Strait, calls for sanctions against US companiesThe Chinese government held military drills off the coast of Taiwan as tensions rise between Beijing and Washington over US support for the island that China views as a renegade province.
Read more »
China says will freeze out U.S. companies that sell arms to TaiwanChina's government and Chinese companies will cut business ties with U.S. f...
Read more »
China Growth at Its Slowest Since 1992 as Beijing Struggles to Juice EconomyChina’s economic growth decelerated to its slowest pace in decades, weakened by trade tensions with the U.S. and businesses that held back from making big investments despite encouragement from Beijing.
Read more »
China-friendly Taiwan mayor beats Foxconn's Gou in opposition party's presidential primaryA China-friendly mayor in Taiwan on Monday won the opposition party's nomin...
Read more »
Peter Navarro says don't believe China or US press, calls Wall Street Journal stories 'garbage'Don't believe anything you read in the Chinese or U.S. press about trade negotiations, Peter Navarro said earlier this week.
Read more »