US Urges Asian Allies Boost Defense
Analysis based on 45 articles · First reported May 29, 2026 · Last updated May 31, 2026
The event highlights increased defense spending by US allies and the United States itself, which could boost the defense industry. Uncertainty surrounding US arms sales to Taiwan and potential strikes on Iran could introduce volatility in regional markets and commodity prices.
US Defense Secretary Pete Hegseth, speaking at the Shangri-La Dialogue in Singapore, urged Asian allies to significantly increase their military spending to counter China's growing power and prevent its regional dominance. He expressed 'rightful alarm' over China's rapid military buildup and expansion. The United States pledged a $1.5 trillion investment in its military and expects allies to raise defense spending to 3.5% of GDP. Hegseth also echoed Donald Trump's demand for allies to shoulder more of their defense costs, stating the era of US subsidization is over. He praised contributions from allies like South Korea, the Philippines, Australia, Singapore, Malaysia, Thailand, and Japan. Additionally, Hegseth addressed the Middle East conflict, stating the United States is ready to resume strikes on Iran if diplomacy fails. He also confirmed that any decision on future arms sales to Taiwan, which China views as its territory, rests with Donald Trump, who remains undecided after meeting Xi Jinping.
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