HONG KONG—China said it will sanction three American defense contractors over proposed arms sales to Taiwan, retaliating against U.S. efforts to deepen security ties with the island democracy that Beijing claims as its territory.
Chinese Foreign Ministry spokesman Zhao Lijian said Monday that Beijing has decided to impose sanctions on Lockheed Martin Corp., Boeing Co.’s defense division and Raytheon Technologies Corp., as well as other U.S. entities involved in the planned $1.8 billion weapons package.
The…
This post first appeared on wsj.com
