Republican Lawmakers Seek Trigger for China Sanctions If Taiwan Invaded
- Bill would target China’s financial, industrial sectors
- Legislation comes amid rising tensions between US and China
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Republicans introduced legislation to trigger punitive sanctions against China in the event of a Taiwan invasion as tensions between Washington and Beijing escalated over a US visit by the self-ruled island’s president.
Senator Dan Sullivan of Alaska and Representative Mike Gallagher of Wisconsin are sponsoring the bill, which would mandate sweeping sanctions against Chinese financial institutions and industrial sectors and prohibit US financial institutions from investing in any entity deemed to benefit the Chinese Communist party, if China were to invade Taiwan.