The companies include Northrop Grumman Systems Corporation, L3Harris Maritime Services and Boeing in St. Louis, while defense firm Anduril Industries founder Palmer Luckey is one of the executives sanctioned, who can no longer do business in China and are barred from entering the country. Their assets in the East Asian country have also been frozen.
The announcement of the U.S. arms-sale package, valued at more than $10 billion, has drawn an angry response from China, which claims Taiwan as its own and says it must come under its control.
https://abcnews.go.com/International/wireStory/china-sanctions-20-us-defense-companies-10-executives-128700483
Posted by Worried_Quarter469
11 Comments
Taiwan be 🧏🏿
Alright how do we profit from this boys? Damnit I knew Vix calls before close would be good for next week. MF!
PRC and ROC (Taiwan) where C means China.
Ah shit here we go
Winnie the pooh can suck it.
Taiwan mogs China
Yes. Because those companies do so much business with the PRC, and aren’t given exhaustive training about avoiding Chinese COTS parts when designing systems.
This is why metals are up lol
I’m assuming these companies were already barred from doing business with china anyway? And the executives probably aren’t even allowed to hold significant assets in china either
Not surprised
Taiwan should take China back.