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Taiwan's President Tsai Ing-wen during a visit to Penghu Air Force Base. Photo: Sam Yeh/AFP via Getty Images

China plans to impose unspecified sanctions on Boeing, Lockheed Martin, Raytheon and other U.S. companies involved in weapons sales to Taiwan, Reuters reports, citing a Chinese Foreign Ministry spokesperson.

Why it matters: The Trump administration last week notified Congress of an additional $1.8 billion in proposed arms sales to Taiwan. China's recent military exercises and the buildup of forces along its southeastern coast have renewed fears of an invasion of Taiwan, which Beijing views as a breakaway province that must be brought under its control.

The big picture: The proposed sanctions mark a continued tit-for-tat escalation between Washington and Beijing, as China institutes measures that parallel U.S. attempts to contain Chinese firms it deems a security risk.

  • Amid heightened tensions this year over Beijing's handling of the coronavirus, its crackdown on Hong Kong, trade practices, and human rights abuses in Xinjiang, the Trump administration has stepped up its support for the democratic Taiwan with arms sales and visits by high-level U.S. officials.
  • “To safeguard our national interests, China decided to take necessary measures and levy sanctions on U.S. companies such as Lockheed Martin, Boeing Defence, and Raytheon, and those individuals and companies who behaved badly in the process of the arms sales,” Chinese Foreign Ministry spokesperson Zhao Lijian said.

Go deeper: As Taiwan's profile rises, so does risk of conflict with China

Go deeper

Ben Geman, author of Generate
Jan 29, 2021 - Energy & Environment

Electric vehicle sales far surpass pandemic expectations

Data: EIA; Note: 2020 figures are preliminary; Chart: Axios Visuals

New International Energy Agency preliminary data shows that worldwide sales grew by an estimated 40% last year, exceeding the agency's expectations.

Why it matters: The increase occurred despite a drop on overall global vehicle sales.

Jan 26, 2021 - World

Former Google CEO and others call for U.S.-China tech "bifurcation"

Illustration: Aïda Amer/Axios

A new set of proposals by a group of influential D.C. insiders and tech industry practitioners calling for a degree of "bifurcation" in the U.S. and Chinese tech sectors is circulating in the Biden administration. Axios has obtained a copy.

Why it matters: The idea of "decoupling" certain sectors of the U.S. and Chinese economies felt radical three years ago, when Trump's trade war brought the term into common parlance. But now the strategy has growing bipartisan and even industry support.

Updated 3 hours ago - Politics & Policy

Senate action on stimulus bill continues as Dems reach deal on jobless aid

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate will now work through votes on a series of amendments that are expected to last overnight into early Saturday morning.