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world1d ago
Taiwan unveils $40B defense spending plan to counter China military threat over next decade
- Taiwan unveils a $40 billion defense procurement plan set to run 2026–2033 to counter China’s military pressure.
- U.S. officials welcomed the plan, citing the Taiwan Relations Act and defense-spending commitments.
- Taiwan aims to raise defense spending to at least 3% of GDP by 2026 and 5% by 2030.
- Taiwan’s plan includes domestic defense manufacturing, including a proposed ‘dome’ anti-missile system.
- Taiwan faces domestic political hurdles as opposition questions funding and details.
- Analysts say U.S. support for Taiwan’s plans remains steady amid regional tensions.
- Taiwan’s defense plan is seen as strengthening deterrence against potential blockades or conflict.
- The proposal includes timelines and notifications to Congress for defense purchases.
- Taiwan’s leadership argues the plan reduces dependence on foreign suppliers by expanding domestic capabilities.
- The plan faces parliamentary scrutiny from Taiwan’s opposition before passage.
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