Ticker: China sanctions 5 defense companies; Tesla recalls 1.6 million EVs exported to China ...Middle East

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China announced sanctions Sunday on five American defense-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. The sanctions will freeze any property the companies have in China and prohibit organizations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online. It was unclear what impact, if any, the sanctions would have on the companies, BAE Systems Land and Armaments, Alliant Techsystems Operations, AeroVironment, Viasat and Data Link Solutions. Such sanctions are often mostly symbolic as American defense contractors generally don’t sell to China. The Foreign Ministry said

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Ticker: China sanctions 5 defense companies; Tesla recalls 1.6 million EVs exported to China ...Middle East

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