Home ›› 16 Sep 2022 ›› World Biz
A Senate committee took the first step Wednesday toward the United States directly providing billions of dollars in military aid to Taiwan and making ties more official, ramping up support following soaring tensions with Beijing.
The United States for decades has sold weapons to Taiwan but the new legislation will go further by providing US security assistance of $4.5 billion over four years, a step sure to infuriate Beijing.
It also lays out sanctions on China if it uses force to try to seize the island.
With support from both parties, the Senate Foreign Relations Committee approved the Taiwan Policy Act, billed as the most sweeping upgrade of the relationship since the United States switched recognition from Taipei to Beijing in 1979.
Lawmakers moved ahead on the act amid heightened worries for Taiwan after Russia invaded Ukraine and following a visit to Taipei by House Speaker Nancy Pelosi, which prompted China to stage major military exercises seen as a trial run for an invasion.