Title : After Being Threatened With Chinese Sanctions, U.S. Defence Giant Honeywell Distances Itself From Taiwan
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After Being Threatened With Chinese Sanctions, U.S. Defence Giant Honeywell Distances Itself From Taiwan
SCMP: US defence giant Honeywell distances itself from Taiwan under threat of China sanctions over arms deal
* Firm sees ‘no reason why’ it would be sanctioned by Beijing after being linked to the self-ruled island arms deal by Chinese state media
* People’s Daily and CCTV posted a WeChat article on Sunday also naming Oshkosh Corporation, General Dynamics and Gulfstream Aerospace as suppliers
After China’s state media named several US firms allegedly threatened by sanctions over arms sales to Taiwan, American aerospace and defence giant Honeywell has said it had “no input” into the agreement between Washington and Taipei.
Both People’s Daily and state broadcaster CCTV posted an article on their official WeChat channels on Sunday criticising Honeywell, Oshkosh Corporation, General Dynamics and its subsidiary Gulfstream Aerospace for their involvement in the sale of tanks and missiles to Taiwan.
“The US arms sale is ‘penny wise, pound-foolish’. They sell weapons to Taiwan but lose their market in China, and their non-military products will be boycotted in China too,” the article read.
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WNU Editor: Honeywell has a huge stake in China. They are not going to risk it (for now).
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