Connect with us

Published

on

BEIJING – China imposed fines and sanctions against two US defence companies in a further escalation of tensions between the worlds two biggest economies.

Lockheed Martin Corporation and a subsidiary of Raytheon Technologies Corp were added to a list of unreliable entities due to their participation in arms sales to Taiwan, Chinas Ministry of Commerce said Thursday.

The companies were fined twice the contract value of their arms sales to Taiwan since September 2020 when the list first came into effect and would be required to pay within 15 days, according to the statement.

China regards Taiwan as a renegade province to be reunified, by force if necessary. Beijing has long complained about the US supplying weapons to the island.

A day before the announcement, China had warned that it would hit the US with counter-measures over violations of its sovereignty, and on Thursday blamed the US for jeopardising ties by overreacting in the ongoing spat over a balloon.

However, the subsequent announcement of sanctions may further escalate that dispute.

Washington contended that the balloon was spying and shot it down, while China claims it was a civilian airship collecting weather data that went off course.

Its unclear if the latest sanctions will prevent a meeting between US Secretary of State Antony Blinken and Mr Wang Yi, Chinas top diplomat, on the sidelines of the Munich Security Conference this week.

Mr Blinken cancelled a planned trip to Beijing this month when the balloon controversy erupted.

Its a message to the US, but also for domestic consumption – to demonstrate Chinas tough position, said Dongshu Liu, an assistant professor specialising in Chinese politics at the City University of Hong Kong.

The economic consequences might not be as strong as the political ones – those companies dont do business in China. They may face some limitation as a result of these new sanctions, but still, its largely politically symbolic.

As with previous sanctions announced against the firms and other US defence companies, these measures are likely to be largely symbolic, given both have little direct exposure to China.

An e-mail to Raytheon outside of business hours went unanswered, as did calls to Lockheed Martin. More On This Topic China vows countermeasures over US blacklist of firms linked to suspected spying programme US upgrades Taiwan weapons package with newer patriot missiles The Chinese government will ban trade with both firms as well as blocking new investment from the two into China, the ministry said in a statement. If they dont pay the fines within 15 days the ministry may increase the fines, the statement said.

In addition, it will cancel and prohibit work and residence permits for the companies senior managers and ban them from entry into the country.

This action shows that Chinas retaliation remains very targeted and refrained, responding to US arms sales towards Taiwan, over which China has lodged its protest many times in the past, said Mr Feng Chucheng, a Beijing-based partner at independent consultancy Plenum.

China is not weaponising its sanctions, which is consistent with Chinas longstanding policies.

China has threatened sanctions against US entities that damage its national security in the past.

In 2020 it said it would impose unspecified sanctions on Boeing Co.s defence unit, Lockheed Martin, and Raytheon after the US State Department approved arms sales to Taiwan.

Last September, Beijing said it was sanctioning two top executives at Boeing and Raytheon over the biggest US weapons deal with Taiwan in almost two years, but didnt provide details on the measures.

Naming two already sanctioned companies onto the list for the first time actually proves that Mofcom wants to take it slow and experiment with how to implement the new unreliable entity list, according to Mr Andy Chen, a senior analyst with Beijing-based consultancy Trivium China.

The list was created in haste as a response to USs long-arm jurisdiction but Mofcom wasnt ready to deploy it at the time because it lacked the experience – and probably personnel – to carry it out.BLOOMBERG More On This Topic China plans sanctions on CEOs of Boeing Defence, Raytheon over Taiwan arms sale Beijing places sanctions on US arms companies Lockheed and Raytheon

Continue Reading

Sports

Horns’ Ewers leads ‘new era’ of college football

Published

on

By

Horns' Ewers leads 'new era' of college football

ARLINGTON, Texas — Texas coach Steve Sarkisian said Thursday that quarterback Quinn Ewers, with the emergence of name, image and likeness and the transfer portal, has become the face of this “new era of college football.”

Ewers initially committed to Texas, but he then opted to skip his senior year of high school and reclassify to the 2021 recruiting class before enrolling a year early and joining Ohio State during preseason practice.

Still the nation’s No. 1 ranked overall prospect, Ewers landed one of the first marquee NIL deals worth $1.4 million.

Ewers, who lasted one season with the Buckeyes before transferring to Texas, will square off against Ohio State on Friday night in the Goodyear Cotton Bowl with a trip to the College Football Playoff national championship on the line.

“It’s not been an easy journey for him,” Sarkisian said Thursday. “There’s been ups, there’s been downs, there’s been injuries, there’s been great moments, there’s been tough moments. … But at the end of the day, he’s always stayed true to who he is. The guy’s been a steady sea for us.”

Ewers has been making college football headlines since Ohio State offered him a scholarship when he was just in middle school. This week, Buckeyes coach Ryan Day recalled meeting Ewers for the first time when he was an eighth-grader visiting a Buckeyes football camp.

“He was a boy at the time really, who just had a tremendous release,” Day recalled. “And I remember grabbing him and grabbing his dad and said, ‘Man, you got a bright future ahead of you. I don’t know if this is good or bad, but we’re going to offer you a scholarship to Ohio State.'”

C.J. Stroud, who has since led the Houston Texans to the NFL playoffs, emerged as a star quarterback for the Buckeyes then, prompting Ewers to transfer to Texas.

“Boy, it was strange how it all shook out,” Day said. “He decided he really wanted to play. And it was disappointing for us, but we certainly understood. From afar I’ve watched him. He’s a really good player. He comes from a great family, and he’s had a great career at Texas and a lot of people here still have good relationships with him and think the world of him.”

At Texas, Ewers has started in 27 wins and led the Longhorns to back-to-back playoff appearances. This season, he has thrown for 3,189 yards and 29 touchdowns with 11 interceptions.

Ewers noted that the “coolest part” of the NIL era is being able to provide for his parents. He has even hired his mom, making her CFO of his finances while giving her a salary.

“Which is nice just because all the effort and work they put into me growing up,” he said. “I mean, when we were living in South Texas, they both quit their jobs and moved up to Southlake [to support Ewers’ budding athletic career].”

Whatever happens in the playoff — whether it be a loss Friday or a national championship victory against the winner of Notre DamePenn State on Jan. 20 — Ewers’ career at Texas figures to be coming to a close.

Though Ewers still has one season of eligibility remaining, blue-chip quarterback prospect Arch Manning appears primed to finally take over in Austin next season.

Manning, the nephew of NFL quarterback greats Peyton and Eli Manning, who could become the No. 1 overall prospect for the 2026 NFL draft, has backed up Ewers for two seasons waiting for his opportunity. Sarkisian even momentarily benched Ewers in favor of Manning during Texas’ 30-15 loss to Georgia on Oct. 19.

Still, Ewers figures to have options.

ESPN football analyst Mel Kiper Jr. ranks him as the No. 6 quarterback prospect eligible for the upcoming draft. Rumors have also emerged recently that Ewers could put off the NFL for another year and transfer to a third school for millions more in NIL money.

Amid those distractions, Ewers has thrived in the playoff bouncing back from oblique and ankle injuries from earlier in the year to complete 69% of his passes with four touchdowns in Texas’ two victories.

In the Chick-fil-A Peach Bowl quarterfinal, Ewers tossed 29- and 25-yard touchdown passes in the overtimes, lifting Texas to the 39-31 win over Arizona State.

“I’ve just been proud of him,” Sarkisian said, “because he’s found a source for him that has been a motivating factor, where he can play free and play loose and play confident.”

Ewers added that, whatever the future holds, even contemplating it now would be “selfish,” with a national title still in reach for him and the Longhorns.

“I owe my teammates the best version of me right now,” he said. “I can’t be looking forward or I’ll trip on the rock that’s sitting right in front of me. I’ve got to be locked in on what’s right here.”

Continue Reading

Sports

Texas RT Williams back in lineup for CFP semi

Published

on

By

Texas RT Williams back in lineup for CFP semi

ARLINGTON, Texas — Texas starting right tackle Cameron Williams will return for the College Football Playoff semifinal against Ohio State on Friday, Longhorns coach Steve Sarkisian said Thursday.

Williams suffered a right knee sprain in the playoff opener against Clemson. The injury forced him to miss Texas’ quarterfinal overtime victory over Arizona State.

A junior, Williams has played in 37 games in his career with 16 starts for the Longhorns. Williams is rated as the No. 28 overall prospect and fifth offensive tackle in ESPN’s NFL draft rankings.

Continue Reading

Sports

Sources: Georgia QB Beck enters transfer portal

Published

on

By

Sources: Georgia QB Beck enters transfer portal

Georgia quarterback Carson Beck has entered the NCAA transfer portal, sources confirmed to ESPN on Thursday.

Beck had declared for the NFL draft on Dec. 28 but is now reversing course and will explore a transfer.

Sources told ESPN that Miami looms as the favorite for Beck and the timeline for his decision is expected to play out within a week.

While Miami is the favorite for Beck, a source said Beck’s camp intends to listen to all potential suitors for the best situation: “It’s a strategic thing, not an emotional thing,” the source said.

Beck, a two-year starter at Georgia, is currently recovering from surgery to repair the ulnar collateral ligament in his throwing elbow after suffering the injury during the Bulldogs’ SEC championship victory over Texas.

Beck will not be able to throw until March, sources told ESPN, which would have complicated his NFL draft process and will likely force him to miss spring practice at his next school. Sources said the variety of feedback he got from the draft process led to this decision, as he changed his mind in the past 24 hours. He received advice that if he could return and wanted to, he should probably return and play another season in college.

A source said Beck received feedback that he could end up anywhere between the first and third round, with much of that uncertainty due to the fact that he would not be able to throw for a team in predraft workouts.

Despite that injury setback, Beck will immediately become the most coveted quarterback available as a late entry to the transfer market. While Miami looms as the favorite, there are other big brand teams that could jump out as suitors including Texas Tech and Notre Dame.

The 6-foot-4, 220-pound senior went 24-3 as the Bulldogs’ starter and was viewed as a potential No. 1 draft pick entering the 2024 season. He threw for 3,485 yards with 28 touchdowns and 12 interceptions this season and led Georgia back to the SEC title game.

Beck injured his elbow on the final play of the first half against Texas on Dec. 7. Renowned orthopedic surgeon Dr. Neal ElAttrache performed Beck’s surgery on Dec. 23 in Los Angeles.

“He wants to win,” said the source close to Beck. “He didn’t come back to get knocked out at halftime of a conference championship.”

Entering his fifth college season, Beck was viewed as a potential top-10 draft pick. ESPN’s Mel Kiper Jr. currently considers Beck the No. 5 quarterback in his draft rankings.

Miami has not added a transfer quarterback this offseason to succeed Cam Ward, the potential No. 1 pick. They’ve quietly been canvassing the transfer market in recent weeks, per sources, as they have been set on bringing in a front-line starter who can produce immediately, much like Ward did.

Ward made a similar decision last January, initially declaring for the NFL draft but changing his mind and transferring to join the Hurricanes after he was unsatisfied with his draft feedback. Ward finished fourth in Heisman Trophy voting in his lone season in the program after producing 4,313 passing yards and 43 total touchdowns.

On3 first reported Beck’s intentions to enter the portal.

Continue Reading

Trending