Latest news with #Taiwan-made
Time of India
27-07-2025
- Business
- Time of India
US becomes largest buyer of Taiwan-made machinery in 2024, surpassing China for first time
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The United States has, for the first time, overtaken China and Hong Kong in 2024 to become the largest buyer of Taiwan-made machinery , signalling a notable shift in regional trade patterns influenced by geopolitical tensions , industrial strategies, and shifting supply chains, Focus Taiwan to Taiwan's Ministry of Finance (MOF), outbound sales of Taiwan's machinery to the US reached USD 5.8 billion in 2024, an increase of 6.1 per cent compared to 2023. This figure represents 24.2 per cent of Taiwan's total machinery exports. In contrast, exports to China and Hong Kong slipped by 1.5 per cent year-on-year to USD 5.7 billion, accounting for 23.7 per cent of the total, Focus Taiwan 2019 and 2024, Taiwan's machinery exports to the US surged 24.5 per cent, while shipments to China and Hong Kong declined 16.8 per cent, according to the MOF 2019, China and Hong Kong together made up 29.3 per cent of Taiwan's machinery exports, while the US held a 19.9 per cent share. The reversal reflects deeper changes in global industrial supply chains Focus Taiwan reported that Taiwan's declining machinery sales to China are partly due to Beijing's deliberate investment in domestic machinery manufacturing to reduce dependence on foreign equipment. Simultaneously, growing trade friction between the US and China, along with the push for localised production under the " Made in the USA " policy, has made the American market increasingly attractive to Taiwanese firms in recent the gains in the US, total machinery exports from Taiwan fell to a three-year low of USD 24.1 billion in 2024, down 0.4 per cent from 2023 and 15.5 per cent from the 2022 record high of USD 28.6 billion, Focus Taiwan remained Taiwan's fourth-largest export category in 2024, but its share of total exports declined to a historic low of 5.1 per cent, from 5.6 per cent the year before. Although exports rebounded 4.3 per cent in early 2025, MOF warned that global uncertainty and US-China tensions could disrupt future growth, Focus Taiwan reported.
Scottish Sun
09-07-2025
- Politics
- Scottish Sun
Hear incredible moment Trump reveals threat to ‘bomb the s*** out of Moscow and Beijing' – & Putin's gobsmacked reaction
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THIS is the bombshell moment President Donald Trump threatens to "bomb the s*** out of Moscow and Beijing" - with Vladimir Putin's gobsmacked reaction revealed. A recording of a private meeting during a fundraiser appears to expose what Trump actually told Russia and China in phone calls in his first term. Sign up for Scottish Sun newsletter Sign up 7 President Donald Trump speaks to the media in June Credit: Reuters 7 Taiwan-made Cheng Kung PFG-2 missile frigate fires October 2 a standard surface-to-air missile during a rehearsal Credit: Reuters 7 A general view shows Red Square during a military parade on Victory Day in Moscow Credit: Reuters 7 Russian President Vladimir Putin attends a meeting in June Credit: Reuters The audio from 2024 captures Don revealing what he apparently said to mad Vlad during his presidency between 2017 and 2021. He's heard saying: "With Putin I said, 'If you go into Ukraine, I'm going to bomb the s*** out of Moscow. I'm telling you I have no choice.'" Trump then claims gobsmacked Putin responded: "I don't believe you, no way." To which Don bluntly spat back: "Way." Later in the bombshell recording, the President can also be heard claiming he gave a similar warning to China's President Xi Jinping if he invaded Taiwan. Trump appears to say: "I said the same thing to them, I said, 'If you go into Taiwan I'm going to bomb the s*** out of Beijing.' "He thought I was crazy. He said 'Beijing! You can't even bomb [inaudible].' "I said, 'I have no choice'. He believed me 10 per cent… and we never had a problem." The unbelievable comments have been exposed in a string of audio tapes created while the Republican was on his campaign trail at fundraisers in New York and Florida. They were obtained by journalists Josh Dawsey, Tyler Pager and Isaac Arnsdorf, who then shared the audio recordings with CNN. Trump blasts 'are we still talking about this creep-' over Epstein as mystery swirls around 'missing CCTV & client list' In the latest of Trump's expletive comments, on Tuesday the raging President slammed Putin for talking "bull****" about the Ukraine war and making "meaningless" promises. It came imminently after he vowed to send more weapons to Ukraine as he appears to be growing increasingly frustrated with the Russian tyrant. "We get a lot of bull**** thrown at us by Putin, if you want to know the truth," Trump told reporters during a televised cabinet meeting at the White House. "He's very nice all the time, but it turns out to be meaningless." Trump reiterated that he was "very unhappy" with Putin since their phone call last week made no progress on the Ukraine peace deal - something the US president has pushed for since returning to power. But Putin has snubbed peace and is instead steadily increasing his overnight bombing raids - which could soon hit 1,000 a day. Trump's criticism of Putin came a day after he said he would send more weapons to Ukraine - a sweeping reversal of Washington's announcement last week that it was halting some arms shipments. The White House confirmed on July 1 that shipments of certain air defence missiles and other precision bombs to Ukraine had been stopped because of concerns about dwindling weapons stockpiles. 7 Firefighters extinguishing a fire after a Russian attack in Kyiv region Credit: AFP 7 R2FM38 City of Capitals buildings, MIBC, Moscow International Business Center, Moscow City, Moscow, Russia Credit: Alamy 7 President Donald Trump, left, meets with Chinese President Xi Jinping in 2019 Credit: AP However, Trump reversed the decision, adding: "We're going to send some more weapons. "We have to. They have to be able to defend themselves. They're getting hit very hard now." "We're going to have to send more weapons, defensive weapons, primarily." Moscow had no immediate reaction to Trump's strongly worded comments about Putin, but the Kremlin said that sending arms to Ukraine only serves to prolong the conflict. "It is obvious of course that these actions probably do not align with attempts to promote a peaceful resolution," Kremlin spokesman Dmitry Peskov was quoted by Russian news agencies as saying in a briefing. And the US Defence Secretary said in May that China is "credibly preparing" for a military invasion of Taiwan and the attack is "real and imminent". Pete Hegeseth said that Communist Beijing was "rehearsing for the real deal" and described the looming threat as a "wake-up call" for the world. Speaking at the annual Singapore defence forum Shangri-la Dialogue, Hegeseth said China was preparing to use military force to upend the balance of power. The Pentagon boss also accused Beijing of carrying out cyber attacks, harassing its neighbours, and "illegally seizing and militarising lands" in the South China Sea.
The Irish Sun
09-07-2025
- Politics
- The Irish Sun
Hear incredible moment Trump reveals threat to ‘bomb the s*** out of Moscow and Beijing' – & Putin's gobsmacked reaction
THIS is the bombshell moment President Donald Trump threatens to "bomb the s*** out of Moscow and Beijing" - with Vladimir Putin's gobsmacked reaction revealed. A recording of a private meeting during a fundraiser appears to expose what Trump actually told Russia and China in phone calls in his first term. 7 President Donald Trump speaks to the media in June Credit: Reuters 7 Taiwan-made Cheng Kung PFG-2 missile frigate fires October 2 a standard surface-to-air missile during a rehearsal Credit: Reuters 7 A general view shows Red Square during a military parade on Victory Day in Moscow Credit: Reuters 7 Russian President Vladimir Putin attends a meeting in June Credit: Reuters The audio from 2024 captures Don revealing what he apparently said to mad Vlad during his presidency between 2017 and 2021. He's heard saying: "With Putin I said, 'If you go into Ukraine, I'm going to bomb the s*** out of Moscow. I'm telling you I have no choice.'" Trump then claims gobsmacked Putin responded: "I don't believe you, no way." To which Don bluntly spat back: "Way." read more news Later in the bombshell recording, the President can also be heard claiming he gave a similar warning to China's President Xi Jinping if he invaded Taiwan. Trump appears to say: "I said the same thing to them, I said, 'If you go into Taiwan I'm going to bomb the s*** out of Beijing.' "He thought I was crazy. He said 'Beijing! You can't even bomb [inaudible].' "I said, 'I have no choice'. He believed me 10 per cent… and we never had a problem." Most read in The US Sun The unbelievable comments have been exposed in a string of audio tapes created while the Republican was on his campaign trail at fundraisers in New York and Florida. They were obtained by journalists Josh Dawsey, Tyler Pager and Isaac Arnsdorf, who then shared the audio recordings with Trump blasts 'are we still talking about this creep-' over Epstein as mystery swirls around 'missing CCTV & client list' In the latest of Trump's expletive comments, on Tuesday the raging President slammed Putin for It came imminently after he vowed to send more weapons to Ukraine as he appears to be with the Russian tyrant. "We get a lot of bull**** thrown at us by Putin, if you want to know the truth," Trump told reporters during a televised cabinet meeting at the White House. "He's very nice all the time, but it turns out to be meaningless." Trump reiterated that he was "very unhappy" with Putin since their phone call last week made no progress on the Ukraine peace deal - something the US president has pushed for since returning to power. But Trump's criticism of Putin came a day after he said he would send more weapons to Ukraine - a sweeping reversal of Washington's announcement last week that it was halting some arms shipments. The White House confirmed on July 1 that shipments of certain air defence missiles and other precision bombs to Ukraine had been stopped because of concerns about dwindling weapons stockpiles. 7 Firefighters extinguishing a fire after a Russian attack in Kyiv region Credit: AFP 7 R2FM38 City of Capitals buildings, MIBC, Moscow International Business Center, Moscow City, Moscow, Russia Credit: Alamy 7 President Donald Trump, left, meets with Chinese President Xi Jinping in 2019 Credit: AP However, Trump reversed the decision, adding: "We're going to send some more weapons. "We have to. They have to be able to defend themselves. They're getting hit very hard now." "We're going to have to send more weapons, defensive weapons, primarily." Moscow had no immediate reaction to Trump's strongly worded comments about Putin, but the Kremlin said that sending arms to Ukraine only serves to prolong the conflict. "It is obvious of course that these actions probably do not align with attempts to promote a peaceful resolution," Kremlin spokesman Dmitry Peskov was quoted by Russian news agencies as saying in a briefing. And the US Defence Secretary said in May that Pete Hegeseth said that Communist Beijing was "rehearsing for the real deal" and described the looming threat as a "wake-up call" for the world. Speaking at the annual Singapore defence forum Shangri-la Dialogue, Hegeseth said China was preparing to use military force to upend the balance of power. The Pentagon boss also accused Beijing of carrying out cyber attacks, harassing its neighbours, and "illegally seizing and militarising lands" in the South China Sea. Three ways China could seize Taiwan in 'unstoppable' attack By WITH an overwhelming military force, advanced warfare techniques and a fragmenting West, Xi Jinping will likely feel more confident than ever to seize Taiwan, experts warn. And if China does decide to attack, it's feared it will go in with "full force" using three major military strategies that would wreak havoc on the island. Military experts have long believed China is planning to use sea blockades to cut off the island - forcing them to surrender when military supplies dwindle. Currently, China has a whopping 2.1 million active soldiers and a further, 1.17 million reserve personnel in its army. It is a stark contrast to Taiwan's forces, which just has a little over 160,000 soldiers. Others believe Experts told The Sun that China would likely combine blitzing aerial strikes to disable Taiwan's defences with naval forces encircling the island. Defence experts say it's the The unpredictability of US foreign policy under Experts say the dictator is happy with a fragmenting West and the US saying it's not interested in being the kind of security ally it was. Read the full story
DW
30-06-2025
- Business
- DW
Can Taiwan help Germany ease its reliance on Chinese drones? – DW – 06/30/2025
Germany is hoping to buy more drones from Taiwan as an alternative to China, but many financial and political hurdles stand in the way of Berlin reaching out to Taipei. For German companies looking to diversify their supply of drones beyond China and bypass its dominance of the global drone market, Taiwan is starting to look increasingly attractive. A report published this month by DSET, a Taiwanese think tank focusing on democracy, society and emerging technology, shows that Germany has become the second-largest importer of Taiwan-made drones in the first quarter of 2025. "We are trying to become more independent from China [regarding drones]," Verena Jackson, a researcher at the Center for Intelligence and Security Studies (CISS) at the University of the Armed Forces of Germany, told DW. Beijing sees Taiwan, a self-ruled island, as a breakaway province, and is actively discouraging diplomatic and trade ties between Taipei and other nations. Due to Germany's close economic cooperation with China, Beijing is likely to bristle at the idea of Berlin turning to Taiwan-made drones or key components as alternatives to Chinese ones. Although China still dominates the drone market with an estimated 70-80% share of worldwide production, Taiwan is emerging as "a rising star" in the supply chain, Jackson said. "The advantage for Taiwanese companies is that we are trying to do everything China-free. That has a very big attraction for our European partners," Hong-Lun Tiunn, Deputy Director of the National Security Program at DSET, told DW. Since 2022, Taiwan has stepped up its efforts to develop its own drone industry and build a "non-red" supply chain, a reference to manufacturing networks that are independent of China's influence. This is part of Taipei's defense strategy against a potential invasion by Beijing. In a wartime scenario, Taiwan could be subject to a Chinese blockade with no shipping access. "So we need to have our own capacity to manufacture all kinds of (drone) components," Tiunn said. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Since the second half of 2024, Europe has overtaken the United States as the primary export destination for Taiwanese drones, according to the DSET report. This shift came as China tightened export controls on drones and components, particularly those with military or dual-use capabilities, citing its own national security concerns. But many analysts believe the shift is largely driven by mounting pressure from the West over China's ties to Russia. "Europeans are trying to reach defense autonomy and they want to manufacture their own weapons or drones," Elizabeth Sun, a Berlin-based research fellow at DSET, told DW. In December, the European Union announced sanctions on four Chinese firms for "supplying sensitive drone components and microelectronic components" to the Russian military. During her visit to Beijing last year, former German Foreign Minister Annalena Baerbock warned that drones from Chinese factories "attack peace in the middle of Europe" and "hurt our central security interests." CISS researcher Jackson also pointed out that since Russia's full-scale invasion of Ukraine in 2022, Germany has come to realize "there is an imminent risk coming from China when it comes to cybersecurity or drones." However, Berling does not share Taipei's ambition of establishing a fully China-free drone supply chain. "We are very reliant on Chinese drones as a whole, as full drones, but also on parts," Jackson said. She added that cutting China ties entirely would be unrealistic, especially given the country's dominance in raw materials like rare earth elements, which are crucial components in drone technology. Instead, Germany is attempting to diversify key components such as software, sensors, and chips — areas that carry higher national security risks. Software updates, for instance, are subject to data leaks. "There's basically an open door where all information can go out of Germany and then go to foreign intelligence services," Jackson said. This is where Taiwan — home to some of the world's most advanced chip manufacturers and a strong IT sector — could step in. Although Taiwanese companies only hold a small share of the German drone market, "the components we are trying to provide are motors and chips, the very key parts, and our system integration experience to Germany," Tiunn said. While established corporations have long-standing ties with Chinese suppliers, drone production is now surging across southern Germany and startups are increasingly open to partnering with Taiwan, Jackson pointed out. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Earlier this month, Taiwan signed a partnership deal with US and German-based Auterion for drone software that has been battle-tested in Ukraine to help step up its defenses against growing military threats from China. As it aims to provide drones and key components to other democracies, Taiwan is struggling to meet its own demand. The island set a goal for domestic manufacturers to produce 180,000 drones per year by 2028. But the current annual production capacity — between 8,000 to 10,000 units — falls well short of that target. This gap is due to the high cost of "China-free" drones, low domestic procurement, and minimal foreign government orders, according to the DSET report. Cathay Fang, a policy analyst in the National Security and Economic Security Research Program at DSET, noted that the current priority is improving the cybersecurity of Taiwanese drones in line with US security initiatives for Unmanned Aerial Systems (UAS). This focus could help open up the European market. "When we see that the United States and Taiwan are collaborating closely, German companies would certainly follow," Jackson said. But Germany is facing its own challenges in reducing its reliance on Chinese drones and key components. "Our procurement laws are really cost-focused. And China is still the most cost-effective country," Jackson said. "It takes time to implement also cybersecurity or security aspects." Last year, the German army reportedly eased procurement procedures for small commercial drones from Chinese companies, including DJI, the world's largest consumer drone manufacturer. This shows that, despite growing concerns from security analysts, the political will in Germany to address the potential risks of using Chinese drones remains limited. "It's developing — the awareness here and the urge to do something about it. But it's certainly not at the point where it's sufficient," Jackson said. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Business Times
27-06-2025
- Business
- Business Times
Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
[TAIPEI] Taiwan's finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan's industry. The duties on Chinese-made beer will be as high as 64.14 per cent while for steel they will be as high as 20.15 per cent, the ministry said in a statement. 'These products have caused substantial damage to the domestic industry, and in order to prevent the industry from continuing to suffer during the period of the investigation, the products would be subject to temporary anti-dumping duties,' the ministry said. China's Ministry of Commerce did not immediately respond to a request for comment. China has previously imposed its own anti-dumping duties on some Taiwan-made products, including last month on POM copolymers, a type of engineering plastic. REUTERS
