China Says It Will Impose Sanctions On US Aerospace, Defense Company Lockheed Martin

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US China

But the sanctions above, alongside that of a couple of US lawmakers - namely Ted Cruz, Marco Rubio, Chris Smith, and Sam Brownback - are largely symbolic in nature rather than a material escalation in tensions between the two sides.

Currently, these sanctions are related to the spat amid the Xinjiang issue but there's a million other reasons why these two aren't getting along so yeah.

In any case, the headline here is weighing a little more on risk sentiment in general. European equities are pushing near 2% losses on the day while the dollar, yen and franc are firming across the board in the major currencies space.

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