logo
Taiwan drone alliance seeks Japan partners for overseas expansion

Taiwan drone alliance seeks Japan partners for overseas expansion

Nikkei Asia9 hours ago
AIDC's Chuang Hsiu-mei says Japanese and Taiwanese drone technologies complement each other well. (Photo by Hideaki Ryugen)
HIDEAKI RYUGEN
TAIPEI -- Taiwanese drone companies are looking to build up a supply chain with Japanese companies through an industrial association established last year.
Chuang Hsiu-mei, leader of the association and vice president at Aerospace Industrial Development Corp. (AIDC), spoke with Nikkei, explaining that its hope is to "break into new overseas markets through strategic cooperation with Japan."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nikkei up over 2% on eased fears of US tariff impact on economy
Nikkei up over 2% on eased fears of US tariff impact on economy

The Mainichi

timea few seconds ago

  • The Mainichi

Nikkei up over 2% on eased fears of US tariff impact on economy

TOKYO (Kyodo) -- The Nikkei stock index briefly soared over 2 percent Thursday morning as investors kept buying on eased concern over the impact of U.S. tariffs on the economy after Tokyo and Washington reached a trade deal. At 11:00 a.m., the 225-issue Nikkei Stock Average rose 776.10 points, or 1.89 percent, from Wednesday to 41,947.42. The broader Topix index was up 53.55 points, or 1.83 percent, at 2,979.93, after briefly rising to a record high on an intraday basis.

US, EU Trade Talks Bolstered by Trump's Agreement with Japan
US, EU Trade Talks Bolstered by Trump's Agreement with Japan

Yomiuri Shimbun

time30 minutes ago

  • Yomiuri Shimbun

US, EU Trade Talks Bolstered by Trump's Agreement with Japan

BRUSSELS/WASHINGTON, July 23 (Reuters) – The European Union and the U.S. are moving toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to another major trade agreement on the heels of the one he just unveiled with Japan. European negotiators were hoping to reach an agreement to dodge the 30% tariff rate Trump has said he would impose on imports from the 27-nation bloc on August 1. The rate, which could also extend to cars, would mirror the framework agreement the U.S. has struck with Japan, which Trump announced late on Tuesday. There could be concessions for sectors like aircraft and lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. Washington does not, however, appear willing to lower its current 50% tariff on steel, they said. The White House did not immediately respond to a request for comment. Trump trade adviser Peter Navarro told Bloomberg News the report from the EU should be taken with 'a grain of salt.' As talks continued, the European Commission said it would press on with potential counter-measures in case a deal was not reached. EU member states were set to vote on 93 billion euros of counter-tariffs on U.S. goods on Thursday, European diplomats said. A broad majority of members support using anti-coercion instruments if there is no deal, they said. Trump was aiming to secure an agreement on the heels of a complicated deal reached with Japan, the largest foreign investor in the U.S. That deal included a $550 investment and loan pledges from Japan and its commitment to buy 100 Boeing airplanes and boost purchases of U.S. agricultural products. That investment – to be spent at Trump's discretion – would focus on key industries like energy, semiconductors, critical minerals, pharmaceuticals and shipbuilding, the White House said on Wednesday. Tariffs on Japan's auto sector will drop from 27.5% to 15% as part of the agreement, reviving hopes for similar treatment for European cars. Asian and European stock markets rallied as investors cheered the U.S.-Japan agreement, but U.S. stocks showed a more modest rise and earnings reports were gloomy. American businesses making everything from chips to steel reported downbeat results on Wednesday, revealing how the Trump administration's chaotic trade policy has hurt profits, added to costs, upended supply chains and weighed on consumer confidence. U.S. automakers signaled their unhappiness with the Japan deal, raising concerns about a trade regime that cuts tariffs on Japanese auto imports while leaving 25% tariffs on imports from their plants and suppliers in Canada and Mexico. 'Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American-built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers,' said Matt Blunt, the president of the American Automotive Policy Council, which represents General Motors GM.N, Ford F.N and Chrysler parent Stellantis CAR TARIFFS Automobile stocks led the climb of European shares after the Japan deal spurred hopes that the U.S. was budging over tariffs on EU cars. EU officials have previously said Washington has shown little sign of doing so. U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg Television that Japan received the 15% rate on auto tariffs 'because they were willing to provide this innovative financing mechanism' that he did not think other countries could replicate. Trump, however, has appeared open to a range of options as the U.S. negotiates trade deals. 'I will only lower tariffs if a country agrees to open its market,' Trump wrote in a social media post on Wednesday. The Republican president said late on Tuesday that other countries would be coming to Washington for talks this week. Governments were scrambling to close trade deals before next week's deadline that the White House has repeatedly pushed back under pressure from markets and intense lobbying by industry. U.S. and Chinese officials plan to meet in Stockholm next week to discuss extending an August 12 deadline for negotiating a trade deal. White House spokesperson Karoline Leavitt on Wednesday would not discuss expectations for the meeting, but said Bessent 'looks forward to continuing discussions with his Chinese counterparts.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store