Taiwan’s fiscal and trade position well poised to deal with burgeoning credit risks
By: Scott Morgan, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwan faces a host of credit risks relating to the U.S.-
China trade war, deteriorating relations with China, and an aging population, according to a recent report by U.S. financial services giant Moody’s.
Taiwan’s robust fiscal condition, as well as its strong trade and investment position leaves it in good standing to counter these risks, Moody’s analysis shows.
Taiwan as an open and trading nation is vulnerable to costs distortions from increased tariffs instigated by the U.S.-China trade war. The report suggests that Taiwan’s electronics sector is particularly vulnerable.
The assertion supports comments made by TSMC (台積電) CEO and Vice President C.C. Wei (魏哲家), who said that the trade war will affect Taiwan’s semiconductor industry, because of the prominence of the electronics component in an incredibly wide array of products. [FULL STORY]