‘Will pay the price’: China sanctions 20 US firms over $10 bn arms sale to Taiwan; freezes all assets

China on Friday announced sweeping countermeasures against 20 US defence-related companies and 10 senior executives, freezing their assets and banning business dealings in response to Washington’s approval of large-scale arms sales to Taiwan.The Chinese foreign ministry said the sanctions were imposed under China’s anti-foreign sanctions law and would take effect immediately. The move follows the […]