The China Post
Date: March 5, 2017
By: The China Post news staff
TAIPEI, Taiwan — Taiwan’s manufacturing sector may fall victim to a looming trade war between China and the U.S., a ranking official of an economic think tank warned on Saturday, adding that the sector was also likely to face pressure from changes in global supply chains and labor division modes.
Liu Meng-chun, chief of the first research division at the Chung-Hua Institution for Economic Research, issued the warning in a speech highlighting the impact on Taiwan of friction in the trade relationship between China and the U.S. resulting from policies launched by U.S. President Donald Trump.
In line with its goal of “making America great again,” the Trump administration was sticking to two major economic and trade policies: “buy American, hire American” and “America first” when dealing with other countries, Liu said.
Under these policies, the Trump administration mainly pursues strategies such as encouraging manufacturing to return to the U.S. to create job opportunities for Americans, and pushing for “America first” energy development plans, infrastructure projects and free trade agreements favorable to the U.S., Liu said. [FULL STORY]