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Asia Group executive expects business shifts under Trump 2.0
Taiwan may boost investments in manufacturing and defense under Trump’s administration, says former U.S. ambassador Kurt Tong. Experts foresee scrutiny of Taiwan’s defense spending and potential U.S. manufacturing investments, especially in semiconductors.
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Taiwan’s MOEA warns of impact from Trump’s China tariffs
Taiwan’s economic minister addresses concerns over Trump’s proposed tariffs on Chinese imports, highlighting potential impacts on Taiwanese businesses and strategic plans to adapt.
2024/11/07 13:04
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Taiwan official: U.S. election won’t affect TSMC ties
Taiwan’s Economic Minister J. W. Kuo assures minimal impact on TSMC from the U.S. election, citing strong ties. TSMC’s U.S. plant success boosts confidence.
2024/11/06 11:11
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Chinese tourists visit Kinmen, boosting cross-strait tourism
China’s Taiwan Affairs Office announced that 27 mainland residents traveled to Kinmen, marking a new chapter in cross-strait tourism. The trip aims to boost future visits.
2024/09/25 21:00
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Taiwan’s MAC slams China’s trade move as political coercion
Discover how Taiwan’s Mainland Affairs Council criticizes China’s decision to cancel tariff exemptions on Taiwanese agricultural products, viewing it as a political move that could harm cross-strait relations.
2024/09/19 10:43
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MOA says impact of China’s tariff policy change manageable
Discover how Taiwan’s Ministry of Agriculture responds to China’s decision to end tariff exemptions for 34 Taiwanese agricultural products, aiming to mitigate impact and diversify export markets.
2024/09/19 10:18
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Taiwan’s farmers brace as China ends key tariff exemptions
Taiwan’s agricultural sector faces significant costs after China ends tariff exemptions on key products like pineapples and ribbon fish, starting Sept. 25.
2024/09/19 10:02
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China criticizes Lai Ching-te amid new tariffs
Discover the latest on China’s decision to end tariff exemptions on 34 Taiwanese agricultural products from Sept. 25, citing Taiwan’s restrictive trade policies. Learn more about the cross-strait tensions and the impact on farmers and fishermen.
2024/09/19 09:49
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Taichung mayor urges economic diversification
Discover the latest on China’s suspension of tariff concessions on certain products under the ECFA starting June 15, and Taichung Mayor Lu Shiow-yen’s response to the economic fallout.
2024/06/03 17:37
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China to suspend tariff benefits for 134 Taiwanese products
Discover the latest on China’s suspension of preferential tariff rates for 134 Taiwanese products starting June 15, escalating cross-strait tensions. Learn about the economic and political implications of this significant shift.
2024/05/31 13:03
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US reviews Chinese car imports citing security risks
China criticizes US restrictions on car exports, citing national security concerns. US subjects Chinese internet-connected cars to security risk review, sparking backlash from China’s Ministry of Commerce. White House alleges data collection on US citizens, prompting investigation. President Biden calls potential influx of Chinese cars a national security risk. US considers import restrictions on Chinese vehicles, impacting connected and autonomous cars and parts. U.S. Secretary of Commerce warns of data collection by Chinese smart connected cars, likening them to "iPhones on wheels."
2024/03/05 17:12
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Trump vows to reinstate tariffs on China if reelected
Former U.S. President Donald Trump pledges to reapply tariffs on Chinese goods, potentially exceeding 60%, if he wins the November presidential election. He offers no clear answer on whether he would assist Taiwan in the event of a Chinese attack. Trump plans on imposing a 60% tariff on Chinese goods, a number that may increase. He is leading in the Republican primary and is expected to face incumbent President Joe Biden in November. Trump imposed tariffs amounting to US$250 billion on Chinese imported goods during his term, sparking a trade war. Biden retained Trump’s tariff policy and banned the export of advanced semiconductors and semiconductor production equipment. Trump disputes rumors of another trade war with China, stating that he has handled all matters related to China well. He also criticizes Taiwan for taking semiconductor jobs from the U.S. and suggests imposing tariffs and trade barriers on Taiwan.
2024/02/06 17:05
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President Tsai stresses diversification amid ECFA concerns
President Tsai Ing-wen criticizes China’s one-sided trade barriers and emphasizes that bilateral trade relations should not be used as a political tool in her New Year’s address. The tariff preference for certain products under the Economic Cooperation Framework Agreement (ECFA) has been suspended as of Jan. 1, 2024. Tsai notes China’s intervention in elections and expresses confidence in the people of Taiwan to make wise decisions. She argues that Taiwan’s industries already have global exposure and are gradually reducing reliance on China. Tsai believes that while the economic benefits of the ECFA are limited, diversifying risks and global positioning are important for Taiwan’s industries. She highlights that China often imposes unilateral trade barriers on other countries for political reasons, citing examples of punitive tariffs and import bans on Lithuania and Australia due to their friendly relationship with Taiwan and criticism of China’s human rights policy in Xinjiang.
2024/01/02 12:04
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KMT’s Hou slams DPP’s ECFA ’poison pill’ claims
Kuomintang (KMT) presidential contender Hou Yu-ih criticizes the ruling Democratic Progressive Party’s (DPP’s) past claims about the Economic Cooperation Framework Agreement (ECFA) and cross-strait communication. He questions the DPP candidate’s analogy of "three links" and direct flights to a "Trojan horse leading to a massacre" and challenges the Agriculture Minister’s role in Chinese approvals for Taiwan’s grouper fish export. Hou argues that unresolved quarantine issues could harm Taiwanese farmers and suggests direct negotiations with China. He also criticizes Lai’s "Taiwan independence" stance, claiming it lacks practical understanding of cross-strait relations. If elected, Hou promises to continue ECFA negotiations to reduce China’s tariffs on Taiwan’s industries. He believes that adhering to the Constitution and the Act Governing Relations between Taiwan and China will maintain peace between the straits.
2023/12/26 16:44
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China’s tariff move to hit Taiwan’s petrochemical exports
The Customs Tariff Commission of China’s State Council has announced that starting from January 1 next year, it will suspend the application of preferential tariffs for 12 categories of chemically imported goods from Taiwan, including propylene and paraxylene. China claims that Taiwan violates ECFA regulations by imposing discriminatory trade measures for products exported from China, and a trade barrier investigation by China’s Ministry of Commerce confirmed these restrictions as a trade barrier. Taiwan’s Mainland Affairs Council (MAC) accuses China of political manipulation and bypassing WTO dispute mechanisms. The Ministry of Economic Affairs (MOEA) states that the export value of ECFA’s early harvest list to China has been decreasing, projected to retract to pre-ECFA levels by year-end. The MOEA proposes managing cross-strait economic disputes under the WTO mechanism and encourages China to do the same.
2023/12/21 21:42
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Scholars predict halt to ECFA amid suspended tariff cuts
China has announced the suspension of preferential tariffs on certain products under the Economic Cooperation Framework Agreement (ECFA), potentially impacting cross-strait trade. Li Zhenguang, deputy dean of the Taiwan Research Institute at Beijing Union University, suggests that this move could lead to the complete termination of the ECFA, creating uncertainty for the future. Tang Yonghong, deputy director of the Taiwan Research Center at Xiamen University, considers the suspension to be moderate and emphasizes that China will respond with corresponding measures if Taiwan imposes trade bans or limitations. The development of cross-strait trade is contingent on the relationship between the two sides, with trade being affected if relations become confrontational. China’s suspension of tariff concessions for 12 imported items is seen as a warning to Taiwan in defense of the "1992 Consensus," indicating China’s unwavering stance on cross-strait relations.
2023/12/21 21:36
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MOFCOM ends probe, rules Taiwan’s import ban a trade barrier
The Ministry of Commerce of the People’s Republic of China (MOFCOM) has concluded its investigation into Taiwan’s ban on importing certain products from the mainland, deeming it a trade barrier. The investigation, conducted under the Foreign Trade Law and Foreign Trade Barrier Investigation Rules, found that the ban hinders cross-strait trade relations. The ban, which covers 2,455 Taiwanese goods including agricultural products, minerals, chemicals, and textiles, was announced by Beijing in April. Originally scheduled to release the findings on October 12, 2023, MOFCOM extended the deadline to January 12, 2024. Taiwan Affairs Office (TAO) spokeswoman Zhu Fenglian criticized the ban, stating that it goes against the Economic Cooperation Framework Agreement (ECFA), which aims to reduce or eliminate tariffs and non-tariff barriers between the two sides. Zhu emphasized that such restrictions harm the interests of both sides and pledged support for measures based on the investigation’s results.
2023/12/15 16:11