China threatens U.S. sanctions over Taiwan arms
China threatened to impose sanctions on U.S. arms firms and cut cooperation with Washington unless it cancels a $6.4 billion arms sale to Taiwan, in an unprecedented move signalling Beijing’s growing global power.
China on Saturday bitterly denounced the Obama administration’s announcement a day earlier that it planned to sell the package of weapons to Taiwan, a self-ruled island that Beijing views as an illegitimate breakaway province.
The dispute deepens the rifts between Beijing and Washington, also at odds over trade, currency, Tibet and the Internet.
Beijing said it would sanction U.S. companies that sold arms to Taiwan, a break with past practice. China’s commercial reprisals have in the past been informal.
“The United States will shoulder responsibility for the serious repercussions if it does not immediately reverse the mistaken decision to sell weapons to Taiwan,” Chinese Vice Foreign Minister He Yafei told U.S. ambassador to China Jon Huntsman in comments reported on the Foreign Ministry’s website (www.mfa.gov.cn).
(Excerpt) Read more at in.news.yahoo.com …
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China knows which country fuels their economy and will probably tread lightly with all this “sanction” business. Most of what Americans buy is MADE IN CHINA!!!