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Taiwan To Increase Defense Spending To Over 3% GDP

Taiwan President-elect Lai Ching-te

Taiwan's President has announced plans to increase defense spending to more than 3 percent of the country's gross domestic product, up from the current 2.5 percent. This move is aimed at addressing US concerns over Taiwan's security costs.

The US is obligated by law to provide Taiwan with weapons for self-defense, but President Trump has emphasized the need for Taiwan to contribute more towards its own protection.

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