The first half of May is foreshadowing the future of Indo-Pacific security. Why it matters: Long-term competition between the U.S., China and their friends — on AI, chips, cybersecurity, freedom of navigation, narrative influence, supply chains and more — is reshaping the world. In just two weeks: The U.S. and Japan, participating in Balikatan drills, fired a Tomahawk missile with a Typhon launcher and ship-sinking Type 88 missiles from the Philippines — a first and, from Beijing's view, a provocation. Japan inked a defense cooperation agreement with Indonesia, hot on the heels of loosened arms-exporting restrictions. Taiwan's legislature approved $25 billion in special funding to buy weapons. The move follows months of deadlock, and comes as many in Washington press the White House to accelerate sales and deliveries despite foreign pressure. And President Trump headed to China to meet President Xi Jinping . They are expected to discuss everything from AI to nukes to agriculture to economic stability.…