China sanctions US defense, rare earth firms in retaliation

China hit back at Washington on Monday with a sweeping two-pronged retaliation, barring government departments from buying products from 46 US defense contractors and blacklisting 10 American companies from receiving Chinese dual-use exports.

The Ministry of Finance announced that procurement entities are prohibited from purchasing products manufactured by the 46 US firms, a list headed by Lockheed Martin Corporation and Raytheon Missiles & Defense. The restrictions, which exempt US-funded enterprises operating within Chin, took effect immediately.

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