Beijing Freezes Assets, Bans Business for Boeing, Northrop Grumman in Taiwan Fallout

Beijing announced on Friday that it has imposed sweeping sanctions on 20 U.S. defense firms and 10 high-profile executives in response to Washington’s approval of a large arms sale to Taiwan, escalating tensions between the world’s two largest economies. According to Reuters and AP News, the move marks one of Beijing’s strongest direct economic reprisal…