Taiwan-US relations are solid, and both sides are in agreement that peace and stability in the Taiwan Strait and the Indo-Pacific region are everyone’s concern, Premier Cho Jung-tai (卓榮泰) said yesterday following comments by former US president Donald Trump that Taiwan “should pay” for US defense.
Taiwan is thankful to the US for supporting Taiwan’s bid to participate in international organizations, Cho told a news conference in Taipei.
“I know the people very well, respect them greatly. They did take about 100 percent of our chip business,” Trump told Bloomberg on June 25 in an interview that was published on Tuesday.
Photo: CNA
“I think Taiwan should pay us for defense,” Trump added. “You know, we’re no different than an insurance company. Taiwan doesn’t give us anything.”
In the long run, the continuation of policies demonstrating that Taiwan is shouldering the responsibility of being a part of the international community would win it the support of more nations, Cho said.
Taiwan occupies a critical position in the high-tech supply chain, and while manufacturing is spread around the world, research and development would remain in Taiwan, Cho said when asked about the government’s response if Trump were to return to the White House and demand that Taipei relocate research and development to the US.
Photo: EPA
The TAIEX closed nearly 1 percent lower yesterday. Taiwan Semiconductor Manufacturing Co (台積電), the most heavily weighted firm on the index, declined 2.4 percent ahead of its scheduled second-quarter earnings release today after adding more than 9 percent this month through Tuesday.
The Ministry of Foreign Affairs declined to comment on the remarks of the presumptive Republican candidate for the US presidential election on Nov. 5.
The next administration enters the White House in January next year.
Trump is to accept his party’s nomination at the Republican National Convention today.
Democratic Progressive Party caucus secretary-general Rosalia Wu (吳思瑤) said she could not comment on Trump’s interview.
US-Taiwan relations are built on solid foundations of equal and mutually beneficial development in military, economic and cultural interactions, Wu said.
The public should take note of Trump’s running mate, J.D. Vance, who has repeatedly stated that the US would do its best to bolster interactions with Taiwan across all sectors instead of focusing on Trump’s one comment, she added.
Pegatron chairman Tung Tzu-hsien (童子賢) said that Taiwan should refrain from commenting on US elections and should respect the democratic systems of other nations.
Instead of focusing on campaign talk in the US, Taiwan should instead make sure that whoever is elected would continue to understand the importance of Taiwan and its role as a benign and contributing member of the international community, Tung said.
Taiwan People’s Party Legislator Huang Kuo-chang (黃國昌) said that Trump’s comments were understandable, as he is still on the campaign trail and is focused on delivering the message that he is all about US interests.
President William Lai’s (賴清德) administration must clarify how it intends to handle Taiwan-US ties after the US elections, Huang said.
Trump’s comments clearly indicate that relations between countries cannot continue if one side is perpetually giving, he added.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to start construction of its 1.4-nanometer chip manufacturing facilities at the Central Taiwan Science Park (CTSP, 中部科學園區) as early as October, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing the park administration. TSMC acquired land for the second phase of the park’s expansion in Taichung in June. Large cement, construction and facility engineering companies in central Taiwan have reportedly been receiving bids for TSMC-related projects, the report said. Supply-chain firms estimated that the business opportunities for engineering, equipment and materials supply, and back-end packaging and testing could reach as high as
CHAMPIONS: President Lai congratulated the players’ outstanding performance, cheering them for marking a new milestone in the nation’s baseball history Taiwan on Sunday won their first Little League Baseball World Series (LLBWS) title in 29 years, as Taipei’s Dong Yuan Elementary School defeated a team from Las Vegas 7-0 in the championship game in South Williamsport, Pennsylvania. It was Taiwan’s first championship in the annual tournament since 1996, ending a nearly three-decade drought. “It has been a very long time ... and we finally made it,” Taiwan manager Lai Min-nan (賴敏男) said after the game. Lai said he last managed a Dong Yuan team in at the South Williamsport in 2015, when they were eliminated after four games. “There is
Democratic nations should refrain from attending China’s upcoming large-scale military parade, which Beijing could use to sow discord among democracies, Mainland Affairs Council Deputy Minister Shen You-chung (沈有忠) said. China is scheduled to stage the parade on Wednesday next week to mark the 80th anniversary of Japan’s surrender in World War II. The event is expected to mobilize tens of thousands of participants and prominently showcase China’s military hardware. Speaking at a symposium in Taichung on Thursday, Shen said that Chinese Minister of Foreign Affairs Wang Yi (王毅) recently met with Indian Prime Minister Narendra Modi during a visit to New Delhi.
FINANCES: The KMT plan to halt pension cuts could bankrupt the pension fund years earlier, undermining intergenerational fairness, a Ministry of Civil Service report said The Chinese Nationalist Party (KMT) caucus’ proposal to amend the law to halt pension cuts for civil servants, teachers and military personnel could accelerate the depletion of the Public Service Pension Fund by four to five years, a Ministry of Civil Service report said. Legislative Speaker Han Kuo-yu (韓國瑜) on Aug. 14 said that the Act Governing Civil Servants’ Retirement, Discharge and Pensions (公務人員退休資遣撫卹法) should be amended, adding that changes could begin as soon as after Saturday’s recall and referendum. In a written report to the Legislative Yuan, the ministry said that the fund already faces a severe imbalance between revenue