IBOV 172,448 ▼ 1.04% IPSA 10,821 ▲ 1.07% IPC MEX 67,466 ▲ 0.61% MERVAL 3,266,960 ▲ 2.19% COLCAP 2,295.85 ▲ 0.01% BVL PERÚ 55,976.67 ▲ 0.32% USD/BRL5.13▼ 0.78% USD/MXN17.37▼ 0.63% USD/CLP927.39▲ 0.68% USD/COP3,342▲ 0.29% USD/PEN3.41▲ 0.11% USD/ARS1,485▼ 0.22% USD/UYU40.23▲ 0.04% USD/PYG6,041▼ 0.18% USD/BOB6.85▼ 0.15% USD/DOP58.75▼ 0.03% USD/CRC450.38▼ 0.13% USD/GTQ7.62▲ 0.05% USD/HNL26.71▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES665.38▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.02% USD/TTD6.73▲ 1.05% EUR/BRL5.89▼ 1.16% BRENT 71.99 ▲ 0.26% WTI 68.60 ▼ 0.13% IRON ORE 161.91 — — COPPER 6.25 ▲ 2.23% GOLD 4,176 ▲ 1.55% SILVER 62.49 ▲ 3.04% SOY 1,191 ▲ 5.21% CORN 458.25 ▲ 7.82% WHEAT 613.75 ▲ 3.94% COFFEE 347.30 ▲ 10.03% SUGAR 15.16 ▲ 2.09% ORANGE JUICE 166.00 ▼ 4.60% COTTON 78.28 ▲ 7.87% COCOA 5,723 ▲ 15.64% BEEF 239.38 ▲ 0.06% CATTLE 360.83 ▲ 0.06% LITHIUM 76.17 ▼ 0.47% PETR4 37.77 ▼ 1.25% VALE3 77.79 ▼ 1.33% ITUB4 42.56 ▼ 0.42% BBDC4 17.92 ▲ 0.04% ABEV3 15.88 ▼ 2.52% BBAS3 19.77 ▼ 1.05% B3SA3 14.58 ▼ 1.22% WEGE3 46.26 ▼ 0.47% PRIO3 53.57 ▲ 1.15% SUZB3 40.72 ▼ 0.20% RENT3 40.32 ▼ 2.73% AZZA3 17.45 ▲ 1.81% CSAN3 3.84 ▲ 1.59% RAIZ4 0.38 ▼ 2.56% PCAR3 2.75 ▲ 4.56% GMAT3 3.66 ▼ 2.40% PSSA3 53.40 ▼ 1.46% CVCB3 1.25 ▼ 4.58% POSI3 3.74 ▼ 4.59% SLCE3 12.80 ▼ 0.08% NATU3 8.31 ▼ 0.84% BRKM5 6.00 ▼ 3.85% RANI3 7.94 ▲ 0.25% CSNA3 4.76 ▼ 1.24% CMIN3 4.33 ▲ 0.46% USIM5 8.71 ▼ 0.68% GGBR4 21.84 ▲ 1.87% ENEV3 26.10 ▼ 1.99% NEOE3 33.80 — 0.00% CPFE3 44.88 ▼ 1.77% CMIG4 10.88 ▼ 1.36% EQTL3 39.06 ▼ 0.96% LREN3 14.09 ▼ 4.80% VIVT3 34.50 ▼ 0.72% RAIL3 13.50 ▼ 0.95% KLABIN 17.00 ▼ 0.58% RAIA DROGASIL 17.44 ▲ 2.17% RDOR3 35.00 ▼ 2.10% HAPV3 10.38 ▼ 2.35% FLRY3 15.65 ▼ 0.45% SMTO3 14.96 ▼ 2.24% UGPA3 27.94 ▲ 1.49% VBBR3 30.12 ▼ 0.86% BBSE3 38.71 ▲ 0.16% BPAC11 55.38 ▼ 0.82% CURY3 33.80 ▼ 3.24% AERI3 2.00 ▼ 0.99% VIVARA 22.53 ▼ 1.05% COMPASS 24.92 ▲ 0.61% VAMOS 2.87 — 0.00% SANB11 26.71 ▼ 0.89% ASAI3 8.67 ▼ 1.37% SBSP3 29.71 ▼ 2.17% WALMEX 49.06 ▼ 2.10% GMEXICO 202.40 ▲ 1.45% FEMSA 226.30 ▲ 0.77% CEMEX 21.41 ▼ 0.09% GFNORTE 188.33 ▲ 0.68% BIMBO 57.15 ▲ 1.55% TELEVISA 9.58 ▲ 1.59% AMX 23.04 ▲ 2.22% GAP 442.76 ▲ 1.23% ASUR 308.89 ▼ 0.62% OMA 245.91 ▲ 0.32% KOF 187.63 ▲ 0.62% GRUMA 283.23 ▲ 0.94% KIMBER 39.27 ▲ 1.68% SQM-B 68,260 ▲ 1.90% COPEC 5,880 ▲ 1.19% BSANTANDER 76.94 ▲ 2.52% FALABELLA 5,781 ▼ 1.01% ENELAM 82.89 ▲ 0.55% CENCOSUD 2,095 ▲ 0.24% CMPC 1,047 ▲ 0.57% BANCO CHILE 182.50 ▲ 0.01% LATAM AIR 26.30 ▲ 1.39% YPF 72,550 ▲ 1.36% GGAL 8,320 ▲ 4.39% PAMPA 5,160 ▲ 0.49% TXAR 689.00 ▲ 3.77% ALUAR 996.50 ▲ 0.35% TGS 9,365 ▲ 1.85% CEPU 2,343 ▲ 0.86% MIRGOR 17,375 ▲ 0.43% COME 44.00 ▲ 4.07% LOMA NEGRA 3,688 ▲ 0.41% BYMA 315.75 ▲ 2.10% TELECOM ARG 4,098 ▲ 2.69% ECOPETROL 14.47 ▼ 1.56% BANCOLOMBIA 80.90 ▲ 2.21% GRUPO AVAL 5.08 ▲ 0.40% CREDICORP 392.32 ▲ 0.28% SOUTHERN COPPER 173.87 ▲ 1.08% BUENAVENTURA 29.96 ▲ 0.81% MERCADOLIBRE 1,806 ▲ 2.40% NUBANK 14.06 ▲ 3.31% XP 16.40 ▲ 1.49% PAGSEGURO 8.93 ▼ 2.08% STONE 10.95 ▼ 1.97% GLOBANT 30.96 ▼ 4.77% TECNOGLASS 44.55 ▼ 2.36% GAP AIRPORT 254.42 ▲ 0.28% ASUR 308.89 ▼ 0.62% OMA AIRPORT 113.04 ▲ 1.17% AMX ADR 26.14 ▲ 1.63% FEMSA ADR 130.25 ▲ 0.73% CEMEX ADR 12.32 ▲ 0.24% PETROBRAS ADR 16.26 ▲ 0.93% VALE ADR 15.09 ▲ 0.67% ITAU ADR 8.31 ▲ 2.28% SANTANDER BR 5.29 ▲ 1.93% AMBEV ADR 3.07 ▼ 0.97% CSN 0.95 ▲ 5.17% GERDAU 4.24 ▲ 4.18% LATAM ADR 57.44 ▲ 1.79% BTC 64,191 ▲ 1.01% ETH 1,816 ▲ 1.84% SOL 82.78 ▲ 1.67% XRP 1.16 ▼ 0.03% BNB 589.44 ▲ 0.09% ADA 0.18 ▼ 2.46% DOGE 0.08 ▼ 0.11% AVAX 6.99 ▲ 1.05% LINK 8.09 ▲ 0.39% DOT 0.89 ▲ 1.77% LTC 45.33 ▼ 0.84% BCH 247.84 ▲ 1.63% TRX 0.33 ▲ 0.10% XLM 0.20 ▼ 0.32% HBAR 0.07 ▼ 2.42% NEAR 2.08 ▲ 3.28% ATOM 1.62 ▲ 1.82% AAVE 95.71 ▲ 7.57% SELIC 14.25% EMBRAER 86.29 ▲ 1.72% EMBRAER ADR 67.24 ▲ 4.88% JBS 12.13 ▼ 1.06% JBS BDR 62.00 ▼ 1.59% MBRF3 16.41 ▼ 2.21% MBRFY 3.20 ▼ 2.14% INTER 5.69 ▲ 4.02% IBOV 172,448 ▼ 1.04% IPSA 10,821 ▲ 1.07% IPC MEX 67,466 ▲ 0.61% MERVAL 3,266,960 ▲ 2.19% COLCAP 2,295.85 ▲ 0.01% BVL PERÚ 55,976.67 ▲ 0.32% USD/BRL 5.13 ▼ 0.78% USD/MXN 17.37 ▼ 0.63% USD/CLP 927.39 ▲ 0.68% USD/COP 3,342 ▲ 0.29% USD/PEN 3.41 ▲ 0.11% USD/ARS 1,485 ▼ 0.22% USD/UYU 40.23 ▲ 0.04% USD/PYG 6,041 ▼ 0.18% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.75 ▼ 0.03% USD/CRC 450.38 ▼ 0.13% USD/GTQ 7.62 ▲ 0.05% USD/HNL 26.71 ▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES 665.38 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.33% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.89 ▼ 1.16% BRENT 71.99 ▲ 0.26% WTI 68.60 ▼ 0.13% IRON ORE 161.91 — — COPPER 6.25 ▲ 2.23% GOLD 4,176 ▲ 1.55% SILVER 62.49 ▲ 3.04% SOY 1,191 ▲ 5.21% CORN 458.25 ▲ 7.82% WHEAT 613.75 ▲ 3.94% COFFEE 347.30 ▲ 10.03% SUGAR 15.16 ▲ 2.09% ORANGE JUICE 166.00 ▼ 4.60% COTTON 78.28 ▲ 7.87% COCOA 5,723 ▲ 15.64% BEEF 239.38 ▲ 0.06% CATTLE 360.83 ▲ 0.06% LITHIUM 76.17 ▼ 0.47% PETR4 37.77 ▼ 1.25% VALE3 77.79 ▼ 1.33% ITUB4 42.56 ▼ 0.42% BBDC4 17.92 ▲ 0.04% ABEV3 15.88 ▼ 2.52% BBAS3 19.77 ▼ 1.05% B3SA3 14.58 ▼ 1.22% WEGE3 46.26 ▼ 0.47% PRIO3 53.57 ▲ 1.15% SUZB3 40.72 ▼ 0.20% RENT3 40.32 ▼ 2.73% AZZA3 17.45 ▲ 1.81% CSAN3 3.84 ▲ 1.59% RAIZ4 0.38 ▼ 2.56% PCAR3 2.75 ▲ 4.56% GMAT3 3.66 ▼ 2.40% PSSA3 53.40 ▼ 1.46% CVCB3 1.25 ▼ 4.58% POSI3 3.74 ▼ 4.59% SLCE3 12.80 ▼ 0.08% NATU3 8.31 ▼ 0.84% BRKM5 6.00 ▼ 3.85% RANI3 7.94 ▲ 0.25% CSNA3 4.76 ▼ 1.24% CMIN3 4.33 ▲ 0.46% USIM5 8.71 ▼ 0.68% GGBR4 21.84 ▲ 1.87% ENEV3 26.10 ▼ 1.99% NEOE3 33.80 — 0.00% CPFE3 44.88 ▼ 1.77% CMIG4 10.88 ▼ 1.36% EQTL3 39.06 ▼ 0.96% LREN3 14.09 ▼ 4.80% VIVT3 34.50 ▼ 0.72% RAIL3 13.50 ▼ 0.95% KLABIN 17.00 ▼ 0.58% RAIA DROGASIL 17.44 ▲ 2.17% RDOR3 35.00 ▼ 2.10% HAPV3 10.38 ▼ 2.35% FLRY3 15.65 ▼ 0.45% SMTO3 14.96 ▼ 2.24% UGPA3 27.94 ▲ 1.49% VBBR3 30.12 ▼ 0.86% BBSE3 38.71 ▲ 0.16% BPAC11 55.38 ▼ 0.82% CURY3 33.80 ▼ 3.24% AERI3 2.00 ▼ 0.99% VIVARA 22.53 ▼ 1.05% COMPASS 24.92 ▲ 0.61% VAMOS 2.87 — 0.00% SANB11 26.71 ▼ 0.89% ASAI3 8.67 ▼ 1.37% SBSP3 29.71 ▼ 2.17% WALMEX 49.06 ▼ 2.10% GMEXICO 202.40 ▲ 1.45% FEMSA 226.30 ▲ 0.77% CEMEX 21.41 ▼ 0.09% GFNORTE 188.33 ▲ 0.68% BIMBO 57.15 ▲ 1.55% TELEVISA 9.58 ▲ 1.59% AMX 23.04 ▲ 2.22% GAP 442.76 ▲ 1.23% ASUR 308.89 ▼ 0.62% OMA 245.91 ▲ 0.32% KOF 187.63 ▲ 0.62% GRUMA 283.23 ▲ 0.94% KIMBER 39.27 ▲ 1.68% SQM-B 68,260 ▲ 1.90% COPEC 5,880 ▲ 1.19% BSANTANDER 76.94 ▲ 2.52% FALABELLA 5,781 ▼ 1.01% ENELAM 82.89 ▲ 0.55% CENCOSUD 2,095 ▲ 0.24% CMPC 1,047 ▲ 0.57% BANCO CHILE 182.50 ▲ 0.01% LATAM AIR 26.30 ▲ 1.39% YPF 72,550 ▲ 1.36% GGAL 8,320 ▲ 4.39% PAMPA 5,160 ▲ 0.49% TXAR 689.00 ▲ 3.77% ALUAR 996.50 ▲ 0.35% TGS 9,365 ▲ 1.85% CEPU 2,343 ▲ 0.86% MIRGOR 17,375 ▲ 0.43% COME 44.00 ▲ 4.07% LOMA NEGRA 3,688 ▲ 0.41% BYMA 315.75 ▲ 2.10% TELECOM ARG 4,098 ▲ 2.69% ECOPETROL 14.47 ▼ 1.56% BANCOLOMBIA 80.90 ▲ 2.21% GRUPO AVAL 5.08 ▲ 0.40% CREDICORP 392.32 ▲ 0.28% SOUTHERN COPPER 173.87 ▲ 1.08% BUENAVENTURA 29.96 ▲ 0.81% MERCADOLIBRE 1,806 ▲ 2.40% NUBANK 14.06 ▲ 3.31% XP 16.40 ▲ 1.49% PAGSEGURO 8.93 ▼ 2.08% STONE 10.95 ▼ 1.97% GLOBANT 30.96 ▼ 4.77% TECNOGLASS 44.55 ▼ 2.36% GAP AIRPORT 254.42 ▲ 0.28% ASUR 308.89 ▼ 0.62% OMA AIRPORT 113.04 ▲ 1.17% AMX ADR 26.14 ▲ 1.63% FEMSA ADR 130.25 ▲ 0.73% CEMEX ADR 12.32 ▲ 0.24% PETROBRAS ADR 16.26 ▲ 0.93% VALE ADR 15.09 ▲ 0.67% ITAU ADR 8.31 ▲ 2.28% SANTANDER BR 5.29 ▲ 1.93% AMBEV ADR 3.07 ▼ 0.97% CSN 0.95 ▲ 5.17% GERDAU 4.24 ▲ 4.18% LATAM ADR 57.44 ▲ 1.79% BTC 64,191 ▲ 1.01% ETH 1,816 ▲ 1.84% SOL 82.78 ▲ 1.67% XRP 1.16 ▼ 0.03% BNB 589.44 ▲ 0.09% ADA 0.18 ▼ 2.46% DOGE 0.08 ▼ 0.11% AVAX 6.99 ▲ 1.05% LINK 8.09 ▲ 0.39% DOT 0.89 ▲ 1.77% LTC 45.33 ▼ 0.84% BCH 247.84 ▲ 1.63% TRX 0.33 ▲ 0.10% XLM 0.20 ▼ 0.32% HBAR 0.07 ▼ 2.42% NEAR 2.08 ▲ 3.28% ATOM 1.62 ▲ 1.82% AAVE 95.71 ▲ 7.57% SELIC 14.25% EMBRAER 86.29 ▲ 1.72% EMBRAER ADR 67.24 ▲ 4.88% JBS 12.13 ▼ 1.06% JBS BDR 62.00 ▼ 1.59% MBRF3 16.41 ▼ 2.21% MBRFY 3.20 ▼ 2.14% INTER 5.69 ▲ 4.02%
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China East Asia

Taiwan Eyes Aegis Destroyers in Potential U.S. Arms Deal

By · November 11, 2024 · 2 min read

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Taiwan stands at a crossroads, contemplating a significant arms purchase from the United States. The island nation aims to bolster its defenses against an increasingly assertive China.

This potential deal includes advanced weaponry such as Aegis destroyers and E-2D Advanced Hawkeye radar aircraft.

The move comes as Taiwan faces mounting pressure from its powerful neighbor across the strait. China views Taiwan as a breakaway province and has not ruled out using force for reunification.

Taiwan, however, sees itself as an independent nation deserving of self-determination. Recent years have seen a surge in U.S. arms sales to Taiwan.

During Trump’s presidency, the U.S. approved 11 arms packages worth $21 billion. The Biden administration has continued this trend, approving deals valued at $7 billion.

Taiwan Eyes Aegis Destroyers in Potential U.S. Arms Deal
Taiwan Eyes Aegis Destroyers in Potential U.S. Arms Deal. (Photo Internet reproduction)
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Taiwan’s defense budget has grown steadily, reaching NTD 606.8 billion (USD 19.1 billion) for 2024. This represents a 7.7% increase from the previous year. The proposed 2025 budget is even higher at NTD 647 billion (USD 20.2 billion).

Taiwan’s Defense Strategy

Despite these increases, some U.S. officials argue that Taiwan should spend more on defense. They suggest allocating over 3% of GDP to military expenditures. Taiwan currently spends about 2.5% of its GDP on defense.

The island nation faces several challenges in its arms procurement efforts. Delivery delays plague previously purchased U.S. weapons. The war in Ukraine has strained the U.S. defense industrial base, raising concerns about timely production.

Taiwan’s strategic focus has shifted towards “asymmetric operations” due to the growing military disparity with China. This approach emphasizes mobile and survivable weapons systems over large, conventional platforms.

The U.S. Congress has taken steps to support Taiwan‘s defense needs. It authorized Foreign Military Financing for Taiwan for the first time.

Additionally, it made Presidential Drawdown Authority available, allowing for annual transfers of up to $1 billion in defense articles. Taiwan’s potential arms purchase demonstrates its commitment to self-defense.

It also highlights the complex dynamics of U.S.-Taiwan-China relations. The outcome of this deal may hinge on various factors, including future U.S. and Taiwanese elections.

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