On Wednesday, a spokesperson for the Chinese mainland’s foreign affairs ministry slammed the recent tariff "consensus" reached by Taiwan authorities and the United States. The official claimed the deal "sells out" the well-being of Taiwan people and undermines industrial growth.
In trade talks, tariffs (import taxes) are negotiated to protect local industries or lower costs for consumers. According to the spokesperson, this agreement could hit home for many: higher costs for everyday products and a setback for Taiwan’s tech and manufacturing sectors. 🧐
Trade ties with the US have been a priority for the Democratic Progressive Party authorities this year, as they seek to diversify partnerships beyond cross-strait relations. But Mainland officials warn that agreeing to US demands might come at the expense of local businesses and workers.
This latest exchange highlights the balancing act Taiwan authorities face: strengthening global economic ties while safeguarding the interests of Taiwan people and their industries. 🤝
What’s your take on this cross-Strait trade showdown? Drop a comment below! 💬
Reference(s):
DPP's so-called trade deal with U.S. sells out Taiwan's interests
cgtn.com
