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Communist China is sanctioning two American defense companies for arms sales to Taiwan amid the growing fallout over the shootdown of a Chinese spy balloon in U.S. airspace.
Lockheed Martin and Raytheon, America’s two largest defense manufacturers, will be added to the regime’s sanctions list, according to a Feb. 16 announcement by China’s Ministry of Commerce.
The sanctions come just a day after Beijing threatened “countermeasures” against the United States for its shooting down of a Chinese spy balloon that illegally incurred into U.S. airspace.
The companies will be banned from importing, exporting, and investing in China, and will be subject to Chinese fines equal to twice the amount of their arms sales to Taiwan going back to 2020.
It is not currently clear if Beijing has any mechanisms in place to enforce the fines, and the sanctions are unlikely to have any tangible effect as U.
