Submitted by jimmy_bamboozy t3_113xsz0 in worldnews
Comments
autotldr t1_j8swz24 wrote
This is the best tl;dr I could make, original reduced by 72%. (I'm a bot)
> BEIJING - China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.
> Lockheed Martin Corp. and Raytheon Technologies Corp.'s Raytheon Missiles and Defense are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced.
> Raytheon Missiles and Defense, part of Raytheon Technologies Corp., was awarded a $412 million contract in September to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island.
Extended Summary | FAQ | Feedback | Top keywords: island^#1 Raytheon^#2 China^#3 Taiwan^#4 Defense^#5
IonicWater t1_j8sxkt7 wrote
Pretty sure Lockheed Martin or Raytheon don't really care. Being American defence companies, can't imagine the US government would even let them trade with China
coreywindom t1_j8szwv0 wrote
They can’t. This is just as hollow as their threats.
Twudie t1_j8t2esp wrote
And in response, the US will ban the PLA from conducting combat drills in Oklahoma! Take that CCP!
GoneSilent t1_j8t3moi wrote
Raytheon makes a bunch of parts for Boeing civil aircraft how is that going to work?
HalfLeper t1_j8t5y8f wrote
Don’t both of those companies rely very heavily on microchips from Taiwan in the first place? Don’t those companies actually have a vested interest in Taiwan’s autonomy?
bolaobo t1_j8teil8 wrote
Why isn't Boeing a part of this import ban?
SkewerMeBaby t1_j8th0gm wrote
These are two companies doing really well due the war in Ukraine.
thr4sher0 t1_j8tk5a5 wrote
It would be funny if it turned out they were sourcing all their parts from China and this does have an impact.
nova872 t1_j8tx7f0 wrote
I guess they supply arms to Taiwan too like these Anti -ship missiles.
https://www.aljazeera.com/news/2020/10/26/us-approves-another-2-37bn-in-possible-taiwan-arms-sales
[deleted] t1_j8txmfe wrote
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--___- t1_j8tyxfb wrote
Chinese chips (and other components) cannot be used in US military equipment.
So they must source elsewhere.
qainin t1_j8u18zw wrote
If China wants a trade war, they should get a trade war.
HalfLeper t1_j8u1c82 wrote
They’re not Chinese, though; they’re Taiwanese 👀
yknx4 t1_j8u9eji wrote
Taiwan ≠ China
TwanToni t1_j8u9ikn wrote
intel is a very capable U.S design and semiconductor. Not that far behind TSMC especially if TSMC gets stuck on 3nm plus older nodes are preferred as they are well tested already and less prone to something something I forgot
[deleted] t1_j8ua7mq wrote
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shek89 t1_j8v0iaj wrote
well there goes Ratheyons and Lockheed Martins plans to illegally sell to China.
[deleted] t1_j8vqb07 wrote
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tigerzhang0521 t1_j8whari wrote
COngratulations for being the only one who is smart enough to figure this out
Opaque_Cypher t1_j8zjbr9 wrote
Wait, what? So Lockheed Martin won’t be selling F35s to China? Dang, there goes their business model.
[deleted] t1_j8swnwx wrote
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