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US Shows Support To Taiwan With $345 Million In Arms Amid China's Protests

Published 30/07/2023, 20:51
© Reuters.  US Shows Support To Taiwan With $345 Million In Arms Amid China's Protests

Benzinga - The U.S. will provide Taiwan with $345 million in defense equipment, services, and training, utilizing the same fast-track authority used to speed up the supply of arms to Ukraine.

What Happened: The Biden administration reaffirmed its commitment to Taiwan's self-defense, agreeing to send "critical defensive stockpiles, multi-domain awareness, anti-armor, and air-defense capabilities," Bloomberg reported, citing Lieutenant Colonel Martin Meiners, a Defense Department spokesperson.

"We are committed to helping them get the capability they need to defend themselves," Defense Secretary Lloyd Austin said during a visit to Brisbane, Australia, on Saturday. "So this is no change from what we've done in the past."

In response, officials in Beijing accused the U.S. of exacerbating tensions between the world's two largest economies due to its support for the self-governing island.

Also Read: US Sends Warships Through Taiwan Strait In First Transit Since Pelosi Visit

"China is firmly opposed to U.S.'s military ties with and arms sales to Taiwan," Chinese Embassy Spokesperson Liu Pengyu said in a statement, according to Bloomberg. Liu called for the U.S. to "stop creating new factors that could lead to tensions in the Taiwan Strait."

Congress has authorized Biden to use as much as $1 billion in U.S. inventory for the island democracy in the National Defense Authorization Act for the current year. Because Congress didn't appropriate funds to replace the equipment, the Pentagon will have to seek that money later, according to Bloomberg.

In a statement on Saturday, Taiwan's Defense Ministry expressed gratitude to the U.S. for its unwavering commitment to the island's security. However, the statement did not provide additional details or address the matter of assistance.

"Taiwan and U.S. will continue close cooperation on security topics to maintain the peaceful and stable status-quo across the strait," it read.

Now Read: China Flies Dozens Of Fighter Jets Near Taiwan In Response To Tsai Ing-wen's U.S. Visit

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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