China to Sanction CEOs of U.S. Defense Firms Over Taiwan Arms Deal

What’s new: Beijing will sanction the CEOs of Raytheon Technologies and Boeing’s defense unit for participating in Washington’s recent $1.1 billion planned arms sales to Taiwan, the Ministry of Foreign Affairs announced on Friday.

Boeing’s defense and space division head Ted Colbert and Raytheon Technologies’ Chairman Gregory Hayes will be penalized, foreign ministry spokesperson Mao Ning said during a regular media briefing without elaborating on the details of the sanctions.