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


Source: theedgemarkets.com theedgemarkets.com

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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...