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International Business Times
International Business Times
Business
AFP News

China Sanctions US Firms Over Taiwan Military Support

China Taiwan United States Mao Ning Washington D.C. Beijing
Raytheon's Canadian and Australian subsidaries have been sanctioned in China (Credit: AFP)

China on Friday slapped sanctions on seven US companies after Washington's approval last week of a $571.3 million military aid package to Taiwan, which Beijing said infringed on its "sovereignty and territory".

Last Friday, US President Joe Biden authorized the drawdown of up to $571.3 million for defense assistance to the self-ruled island, which China regards as its own territory.

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