Tsai gathers NSC over trade war

COUNTERMEASURES: The tit-for-tat US-China tariffs would not directly affect Taiwan, but could make waves in financial markets and lead to protectionism, a NSC report said

Taipei Times
Date: Jun 21, 2018
By: Su Yung-yao and Jake Chung  /  Staff reporter, with staff writer

President Tsai Ing-wen (蔡英文) yesterday called a meeting of the National Security

President Tsai Ing-wen yesterday at the Presidential Office meets with young leaders from the US and Canada attending the three-week Mosaic Taiwan Fellowship Exchange Program.  Photo: CNA

Council (NSC) to discuss possible actions and contingency plans should the escalating trade war between the US and China affect Taiwan.

Premier William Lai (賴清德), NSC Secretary-General David Lee (李大維) and Presidential Office Secretary-General Chen Chu (陳菊) were among those who attended the meeting.

The US tariffs on Chinese steel and aluminum implemented in March was of great concern to Tsai, who ordered the council to establish a task force to monitor the issue, analyze its possible effects on Taiwan and develop contingencies, Presidential Office spokesperson Alex Huang (黃重諺) said.

Local businesses and Taiwanese firms in China should not be affected by the 25 percent tariffs imposed on Chinese goods per Article 301 of the US Trade Act, Huang said.    [FULL  STORY]

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