U.S. Republicans want billions for Taiwan military aid to counter China | The Edge Markets

Taiwanese President Tsai Ing-wen – A + A WASHINGTON (Nov 4): U.S. Republican lawmakers introduced legislation on Thursday seeking to provide $2 billion per year and other assistance to bolster’s Taiwan’s defenses as it faces rising pressure from China. The legislation, reviewed by Reuters , would authorize $2 billion a year in Foreign Military Financing – U.S. grants and loans that enable countries to purchase weapons and defense equipment produced in the United States – through 2032 for the self-ruled island. While the bill is sponsored only by Republicans, the minority party in the Senate, it adds to pressure from…