China has announced sanctions against three U.S. defense companies in response to their arms sales to Taiwan.
This move comes as Taiwan's new president, Lai Ching-te, takes office amidst rising tensions with Beijing.
The Ministry of Commerce of China has targeted General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense, Space & Security, banning these companies from conducting import and export activities within China.
Additionally, the sanctions prohibit new investments by these firms in China, and senior executives are barred from entering the country.
Taiwan's new president Lai Ching-te assumed office following Tsai Ing-wen, who had a tenure marked by increasingly strained relations with China. Beijing considers Taiwan a breakaway province and has branded Lai Ching-te as a separatist leading Taiwan towards conflict.
Despite ceasing official recognition of Taiwan in 1979, the United States continues to provide arms to Taiwan under congressional approval to deter Chinese expansion.
Recently, the US authorized significant military aid to Taiwan as part of an $8 billion program aimed at countering China's military and economic influence.
China has condemned this military aid, viewing it as a catalyst for increased conflict. The Chinese Foreign Ministry has urged the United States to cease its arms sales to Taiwan and to avoid further escalating tensions in the region.