tirsdag 19. november 2024

Taiwan to buy $2.2 bln of US weapons after Trump urged more spending

Taiwan plans to spend NT$70.6 billion (US$2.2 billion) on U.S. weapons next year, confirming recent speculation that it would make big new purchases to signal its commitment to President-elect Donald Trump’s suggestion that it pay more for U.S. “protection”. Democratically governed Taiwan, which China claims to have sovereignty over, heavily relies on U.S. support to counter Beijing’s growing military pressure, although it lacks formal diplomatic ties with the United States, which adheres to a “one China” policy.

“Taipei has signed contracts with the U.S. for 21 procurement projects, totalling NT$716.6 billion, with final payments scheduled to be made in 2031,” said the island’s defense ministry on Monday.  “Of this total, approximately NT$373.1 billion has already been paid, while NT$343.5 billion remains unpaid and will be disbursed according to the payment schedule,” the ministry added.