Beijing Slaps Sanctions On Raytheon, Lockheed & Boeing In Retaliation For Taiwan Arms Sales | WHAT REALLY HAPPENED

Beijing Slaps Sanctions On Raytheon, Lockheed & Boeing In Retaliation For Taiwan Arms Sales

As President Trump and VP Mike Pence (recent COVID-19 infections be damned) fan out across the country for a last-minute pre-Election Day push to get out the vote, Beijing is adding to its long-promised retaliation for TikTok, Hong Kong, the Xinjiang sanctions, all President Trump's COVID-19-related China bashing and - most importantly - Taiwan.

After Beijing sanctioned Lockheed Martin over its involvement in "Torpedoes for Taiwan", the CCP is following up with more economic attacks on American defense contractors, guaranteeing that the Chinese response, and its attendant economic impact, will be elevated to an important talking point and - more importantly - another risk factor for already-uneasy markets, struggling to digest the political uncertainty combined with new record numbers of COVID-19 cases in the US and Europe.

According to Reuters, Beijing has decided to impose sanctions on Boeing's defense unit, Raytheon and (again) Lockheed. The news was announced by Ministry of Foreign Affairs spokesman Zhao Lijian. He didn't elaborate on what the sanctions will entail.

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