China Slaps Symbolic Sanctions on US Firms Over Taiwan Arms Sale

China announced largely symbolic sanctions against 20 US defense companies and 10 executives, signaling its anger over Washington’s latest arms sales to Taiwan while stopping short of a broader escalation.

The Chinese Foreign Ministry said on Friday it would sanction companies including Northrop Grumman Systems Corp., L3Harris Maritime Services, Boeing’s operations in St. Louis, as well as Vantor, formerly known as Maxar Intelligence. The measures include freezing any assets the companies hold in China and banning them from doing business with Chinese entities.

China is also targeting executives at defense companies, including Palmer Luckey, founder of Anduril Industries ...