U.S. ramps up arms sale pitch in Asia

U.S. arms are on sale at Asia’s largest aerospace and defense event, the Singapore Airshow, this week, per the AP. The U.S. is urging Asian countries to purchase F-35 fighter jets, two of which debuted at the airshow Tuesday.

Why it matters: Beijing and Washington have been accusing one another of a military buildup in the region, and Trump's newly released National Security Strategy prioritized countering China, a “rival” power, by reinforcing the U.S. presence in the Indo-Pacific region.

Note: The Trend Indicator Value unit is based on known costs of some weapons systems and represents the transfer of military resources rather than financial value; Data: Stockholm International Peace Research Institute; Chart: Chris Canipe / Axios