Top Taiwanese officials yesterday moved to ease concern about the potential fallout of Donald Trump’s return to the White House, making a case that the technology restrictions promised by the former US president against China would outweigh the risks to the island.
The prospect of Trump’s victory in this week’s election is a worry for Taipei given the Republican nominee in the past cast doubt over the US commitment to defend it from Beijing. But other policies championed by Trump toward China hold some appeal for Taiwan.
National Development Council Minister Paul Liu (劉鏡清) described the proposed technology curbs as potentially having “more pros than cons” for Taiwan. Such restrictions are likely to prompt more Taiwanese companies to shift production back from China and redirect export orders to local manufacturers, he said.
Photo: Reuters
When asked by a lawmaker yesterday about Taiwan’s preparations for the US election results, Liu said that while the island might also face a 10 percent tariff on its goods, “the impact would be limited, as most suppliers in Taiwan are primarily doing contract manufacturing serving the US clients.”
A Trump victory could make a bigger difference for Taiwan than a win by US Vice President Kamala Harris, according to Liu, though he said Taiwan is prepared for various outcomes.
Responding to lawmaker questioning, Minister of Economic Affairs J.W. Kuo (郭智輝) said he expected Harris would likely continue the Democratic Party’s policies on Taiwan.
Kuo acknowledged that Trump could introduce measures that might prove harmful for Taiwan’s semiconductor industry. But Taiwan “will have strategies in place to respond, and the impact will not be as severe as some anticipate,” he said.
China claims the self-governing democracy is its territory, and has threatened to seize the island by force if needed. US President Joe Biden has repeatedly vowed to defend Taiwan in the event of an “unprecedented attack.”
In an interview with CBS News’s “60 Minutes,” Harris hewed closer to the traditional US policy of “strategic ambiguity” while saying it’s important to help Taiwan defend itself.
Trump has been less supportive, telling Bloomberg Businessweek earlier this year that Taiwan stole the US’s chip business. He also called for the island to pay more for defense and noted the challenges of defending it from Beijing. “Taiwan is 9,500 miles away,” Trump said. “It’s 68 miles away from China.”
In a subsequent interview with Bloomberg editor-in-chief John Micklethwait last month, Trump didn’t answer directly when asked if American troops would defend Taiwan if China invaded.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the