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International Business Times
International Business Times
Business
Matias Civita

China Strikes Back at U.S. Sanctions With New Export Ban Targeting Defense Firms

China General Dynamics Lockheed Martin United States Earth Alibaba Baidu China Ministry of Commerce Pentagon
China's Ministry of Commerce announced Monday that 10 U.S. companies, including Lockheed Martin, General Dynamics, and rare Earth producers, would be prohibited from receiving Chinese dual-use goods. (Credit: Andrew Caballero-Reynolds/AFP via Getty Images)

China has retaliated against recent U.S. sanctions targeting some of its largest technology companies by imposing new export restrictions on a group of American defense-related firms.

The measures, announced Monday by China's Ministry of Commerce, prohibit 10 U.S. companies from receiving Chinese dual-use goods, which are products and materials with both civilian and military applications.

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