The Trust Nest
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    Popular Topics
    • State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit
    • Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’
    • Divided by a border, united by fear: Kashmiris pick up the pieces after India-Pakistan step back from the brink
    • Fintech company Chime files for Nasdaq IPO
    • House Republicans face down Dem attacks, protests to pull all-nighter on Trump’s ‘big, beautiful bill’
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    The Trust Nest
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Economy

    US approves $2 billion in arms sales to Taiwan including advanced missile defense system

    • October 28, 2024

    The United States has approved $2 billion in arms sales to Taiwan, including the first-time delivery to the self-ruled island of an advanced surface-to-air missile defense system, in a move that has drawn China’s criticism.

    Taiwan’s presidential office on Saturday thanked Washington for greenlighting the potential arms sales. Under the island’s new president, Lai Ching-te, Taiwan has been stepping up defense measures as China increased its military threats against the territory it claims as its own.

    Beijing last week held war games encircling Taiwan for the second time since Lai took office in May.

    The US is Taiwan’s strongest unofficial ally and its laws bound it to provide Taiwan with the means to defend itself.

    “Strengthening Taiwan’s self-defense capabilities is the foundation for maintaining regional stability,” Taiwan’s presidential spokesperson Karen Kuo said.

    China criticized the move, saying it undermined its sovereignty and security interests, was harming US-China relations and threatened peace across the Taiwan Strait, which separates China from Taiwan.

    “China strongly condemns and firmly opposes this and has lodged serious protests with the US,” read a statement by a Chinese Foreign Ministry spokesperson. “We will take resolute countermeasures and take all measures necessary to firmly defend national sovereignty, security and territorial integrity.”

    The potential sales package includes three National Advanced Surface-to-Air Missile Systems (NASAMS) and related equipment valued at up to $1.16 billion, according to the US State Department’s Bureau of Political-Military Affairs.

    It also includes radar systems worth an estimated $828 million.

    The NASAMS system has been battle-tested in Ukraine and will help to strengthen the Taiwanese army’s air defense capabilities, Taiwan’s Defense Ministry said.

    China’s war games last week were aimed at practicing the “sealing off of key ports and key areas” around Taiwan, according to Chinese officials. Taiwan counted a record one-day total of 153 aircraft, 14 navy vessels and 12 Chinese government ships.

    This post appeared first on cnn.com

    Previous Article
    • Economy

    Decades in a country he can’t call home: South Korean’s US adoption nightmare

    • October 28, 2024
    View Post
    Next Article
    • Latest News

    Former National Security Adviser Robert O’Brien: Ukraine’s NATO bid risks ‘World War III’

    • October 28, 2024
    View Post
    Enter Your Information Below To Receive Trading Ideas and Latest News

      Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
      Popular Topics
      • State Department approves sale of $1.4B worth of helicopters, F-16 parts to UAE ahead of Trump’s visit
      • Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’
      • Divided by a border, united by fear: Kashmiris pick up the pieces after India-Pakistan step back from the brink
      • Fintech company Chime files for Nasdaq IPO
      • House Republicans face down Dem attacks, protests to pull all-nighter on Trump’s ‘big, beautiful bill’
      • About us
      • Contacts
      • Privacy Policy
      • Terms and Conditions
      • Email Whitelisting
      Copyright © 2025 thetrustnest.com | All Rights Reserved

      Input your search keywords and press Enter.