US announces historic $345 million military aid package for Taiwan

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US announces historic $345 million military aid package for Taiwan
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The U.S. announces a historic $345 million military aid package for Taiwan, which for the first time, will come from existing military stockpiles instead of purchases through the foreign military sales program.

was first to report on Thursday that the new aid package could be announced as early as Friday.

While not a new authority for the U.S. in weapons transactions, the Presidential Drawdown Authority has drawn significant attention after more than $40 billion worth of existing weapons in U.S. stockpiles have been provided to Ukraine since the start of the war. U.S. officials have said previously that a Presidential Drawdown Authority would be in line with the Taiwan Relations Act, the six assurances and the three communiques that guide U.S. policy towards Taiwan and reinforced that on Friday saying the announcement was not a change in policy.

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