Tensions are boiling between the U.S. and China.
Just this morning, China said it plans to sanction Lockheed Martin (LMT) over its role in a $620 million U.S. arms deal with Taiwan.
“China firmly opposes U.S. arms sales to Taiwan,” said Chinese Foreign Ministry spokesman Zhao Lijian, as quoted by The Wall Street Journal. “In order to safeguard national interests, China has decided to undertake necessary measures and impose sanctions on the main contractor for this sale, Lockheed Martin.”
Already a member? Login below, or click here to register now for free.