Latest news with #ChenMing-chi
Yahoo
6 days ago
- Business
- Yahoo
Trump's Tariff Power Just Got Crushed--Taiwan Moves In for the Win
A US court just threw a wrench into Trump's go-to economic playbook. His signature tariff threatsonce used to pressure trading partners into quick dealsare now in legal limbo. The ruling said he may have gone too far, raising questions around the legality of a proposed 32% tariff on Taiwanese imports. While the White House gears up to appeal, this uncertainty could stall or even dilute active trade talks, putting negotiations with several countries on ice. Taiwan, though, isn't waiting around. In an interview Thursday, Deputy Foreign Minister Chen Ming-chi made it clear: Taiwan still wants a deal, and fast. We are serious about our negotiations, he said, adding that Taiwan should be treated differentlybettergiven its close US ties. The goal? A tariff rate lower than others. If the baseline ends up being 10%, Taiwan wants under that. The court drama in Washington may have just handed Taipei the leverage it needs to make that ask. For investors watching global supply chains, this could be a quiet turning point. Big names like Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have deep links to Taiwan's manufacturing ecosystem. If Taipei locks in a more favorable trade rate, that could ease cost pressures across multiple sectors and possibly boost profit margins in the long run. Nothing's locked in yetbut Taiwan might just be first to capitalize on the legal chaos in DC. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Trump's Tariff Power Just Got Crushed--Taiwan Moves In for the Win
A US court just threw a wrench into Trump's go-to economic playbook. His signature tariff threatsonce used to pressure trading partners into quick dealsare now in legal limbo. The ruling said he may have gone too far, raising questions around the legality of a proposed 32% tariff on Taiwanese imports. While the White House gears up to appeal, this uncertainty could stall or even dilute active trade talks, putting negotiations with several countries on ice. Taiwan, though, isn't waiting around. In an interview Thursday, Deputy Foreign Minister Chen Ming-chi made it clear: Taiwan still wants a deal, and fast. We are serious about our negotiations, he said, adding that Taiwan should be treated differentlybettergiven its close US ties. The goal? A tariff rate lower than others. If the baseline ends up being 10%, Taiwan wants under that. The court drama in Washington may have just handed Taipei the leverage it needs to make that ask. For investors watching global supply chains, this could be a quiet turning point. Big names like Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have deep links to Taiwan's manufacturing ecosystem. If Taipei locks in a more favorable trade rate, that could ease cost pressures across multiple sectors and possibly boost profit margins in the long run. Nothing's locked in yetbut Taiwan might just be first to capitalize on the legal chaos in DC. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Trump's Tariff Power Just Got Crushed--Taiwan Moves In for the Win
A US court just threw a wrench into Trump's go-to economic playbook. His signature tariff threatsonce used to pressure trading partners into quick dealsare now in legal limbo. The ruling said he may have gone too far, raising questions around the legality of a proposed 32% tariff on Taiwanese imports. While the White House gears up to appeal, this uncertainty could stall or even dilute active trade talks, putting negotiations with several countries on ice. Taiwan, though, isn't waiting around. In an interview Thursday, Deputy Foreign Minister Chen Ming-chi made it clear: Taiwan still wants a deal, and fast. We are serious about our negotiations, he said, adding that Taiwan should be treated differentlybettergiven its close US ties. The goal? A tariff rate lower than others. If the baseline ends up being 10%, Taiwan wants under that. The court drama in Washington may have just handed Taipei the leverage it needs to make that ask. For investors watching global supply chains, this could be a quiet turning point. Big names like Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have deep links to Taiwan's manufacturing ecosystem. If Taipei locks in a more favorable trade rate, that could ease cost pressures across multiple sectors and possibly boost profit margins in the long run. Nothing's locked in yetbut Taiwan might just be first to capitalize on the legal chaos in DC. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
6 days ago
- Business
- Bloomberg
Taiwan Will Send Delegation to Alaska LNG Talks Next Week
Taiwan will send a delegation to a summit in Alaska to discuss procuring liquefied natural gas from a long-delayed project championed by US President Donald Trump. 'We already got the invitation' from the US, Taiwan's Deputy Foreign Minister Chen Ming-chi said in an interview with Bloomberg News on Thursday, referring the Alaska Sustainable Energy Conference from June 3 to 5. A high-ranking official will lead the delegation, he said.
