China Sanctions 20 U.S. Defense Firms and 10 Executives After Record Taiwan Arms Sale

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…