Recent trade data has shown that the U.S. has now become the leading destination for Taiwanese exports, overtaking China.
Recent trade data shows that the U.S. has become the leading destination for Taiwanese exports, overtaking China.
What Happened: Taiwan’s exports to the U.S. increased by 65.7% year-on-year in March, totaling $9.1 billion. In contrast, exports to mainland China saw a modest increase of 6%, amounting to $7.9 billion. This is a marked change from the past, with China being the main recipient of Taiwanese exports since 2003, reported Bloomberg.
The Finance Ministry in Taipei released the data on Wednesday, coinciding with a significant meeting between Chinese leader Xi Jinping and former Taiwan President Ma Ying-jeou. Despite the leaders emphasizing the close ties between the two sides of the strait, the trade data suggests a diverging narrative.
See Also: Western Nations May Face $10 Trillion Defense Spending Surge Amid Russia-China Threat: Report
This change in export destinations reflects …
Full story available on Benzinga.com
Recent trade data has shown that the U.S. has now become the leading destination for Taiwanese exports, overtaking China.
Recent trade data shows that the U.S. has become the leading destination for Taiwanese exports, overtaking China.
What Happened: Taiwan’s exports to the U.S. increased by 65.7% year-on-year in March, totaling $9.1 billion. In contrast, exports to mainland China saw a modest increase of 6%, amounting to $7.9 billion. This is a marked change from the past, with China being the main recipient of Taiwanese exports since 2003, reported Bloomberg.
The Finance Ministry in Taipei released the data on Wednesday, coinciding with a significant meeting between Chinese leader Xi Jinping and former Taiwan President Ma Ying-jeou. Despite the leaders emphasizing the close ties between the two sides of the strait, the trade data suggests a diverging narrative.
See Also: Western Nations May Face $10 Trillion Defense Spending Surge Amid Russia-China Threat: Report
This change in export destinations reflects …
Full story available on Benzinga.com
Recent trade data has shown that the U.S. has now become the leading destination for Taiwanese exports, overtaking China.
Recent trade data shows that the U.S. has become the leading destination for Taiwanese exports, overtaking China.
What Happened: Taiwan’s exports to the U.S. increased by 65.7% year-on-year in March, totaling $9.1 billion. In contrast, exports to mainland China saw a modest increase of 6%, amounting to $7.9 billion. This is a marked change from the past, with China being the main recipient of Taiwanese exports since 2003, reported Bloomberg.
The Finance Ministry in Taipei released the data on Wednesday, coinciding with a significant meeting between Chinese leader Xi Jinping and former Taiwan President Ma Ying-jeou. Despite the leaders emphasizing the close ties between the two sides of the strait, the trade data suggests a diverging narrative.
See Also: Western Nations May Face $10 Trillion Defense Spending Surge Amid Russia-China Threat: Report
This change in export destinations reflects …Full story available on Benzinga.com Read MoreAsia, China, exports, Ma Ying-jeou, News, semiconductor, Supply Chain, taiwan, TSM, Xi Jinping, Politics, Global, Economics, Markets, TSM, US8740391003, News, Asia, Politics, Global, Economics, Markets, Benzinga Asia
