Market
What will be the impact on U.S.-China trade relations by December 31, 2025, due to Taiwan military aid?
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Resolution / Starting Odds
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Trade statistics and official announcements from U.S. and Chinese trade departments
Story
Biden Approves $571 Million Military Aid Package for Taiwan and $265 Million Arms Sales Amid Rising Tensions with China
Dec 21, 2024, 08:47 PM
U.S. President Joe Biden has approved a military aid package worth $571.3 million for Taiwan, as confirmed by the White House. This decision comes as Biden prepares to leave office ahead of the inauguration of Donald Trump in January. The aid package is part of ongoing U.S. support for Taiwan amid rising tensions with China. In addition to the military assistance, the U.S. State Department has also approved potential sales of military equipment to Taiwan, valued at approximately $265 million. The Chinese government has strongly criticized the U.S. decision, stating that it violates the 'one China principle' and has lodged formal protests against the military assistance and arms sales. A Chinese foreign ministry spokesperson warned that such actions are akin to 'playing with fire' and will have serious repercussions for U.S.-China relations.
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