Taiwan Proposes Big Jump in Military Spending Amid Chinese Pressure

TAIPEI—Taiwan unveiled plans to boost military spending by its largest margin in 15 years in response to escalating tensions with China that come amid deteriorating ties between Beijing and Washington.

On Thursday, Taiwan’s cabinet proposed a record-setting baseline military budget of $13.7 billion for next year. That would amount to an increase of nearly 13% over this year’s defense budget—the largest year-to-year jump since at least 2007.