Taiwan unveils $40B defense spending plan to counter China military threat over next decade

AI Summary
Taiwan President William Lai announced a $40 billion defense spending plan to counter military pressure from China over the next decade (2026-2033). The proposal aims to strengthen Taiwan's self-defense capabilities, with increased defense spending targeting 3% of GDP by 2026 and 5% by 2030. The United States, through the State Department and the American Institute in Taiwan, has expressed support for Taiwan's acquisition of defense capabilities. Preliminary talks have begun with the U.S. regarding potential weapons purchases, though details remain confidential pending congressional notification. While some in Taiwan expressed concern over the U.S. response, analysts suggest that overall U.S. support for Taiwan remains consistent.
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