Bloomberg: “US Prepares to Fast Track $500 Million of Arms for Taiwan; Pentagon and White House declined to comment on Friday”

Do we really need to finance every conflict on the planet?

Let’s just move Taiwan Semiconductor to the USA. Wouldn’t that be cheaper? pic.twitter.com/x3b3SMxwRK

— Wall Street Silver (@WallStreetSilv) May 6, 2023

The Biden administration is preparing a $500 million weapons package for Taiwan, using a fast-track authority that it has relied on to speed arms to Ukraine, people familiar with the matter said.

The package will involve sending existing stockpiles of US weapons or support equipment to Taiwan under what’s known as a Presidential Drawdown Authority, said the people, who asked not to be identified discussing private deliberations. The equipment to be in the package wasn’t immediately known.

www.bloomberg.com/news/articles/2023-05-05/us-sets-500-million-for-taiwan-arms-on-ukraine-style-fast-track?leadSource=uverify%20wall

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