During the address, Trump said, “We will follow two simple rules: Buy American and Hire American”. This was the first time any US President spoke to Tawain’s head of state since 1979.
It is still too early to tell whether the United States and China are about to start a trade war by launching a two-way tariff tiff.
He went on to explain that the US adopted a strategy to control intellectual property rights and select brands three decades ago, leaving lower-level works to the rest of the world. Rather than threats or accusations, he has repeatedly dangled concessions, starting with the possibility of lifting US sanctions.
However, it cut off communications with Taiwan in June as the ruling Democratic Progressive Party declined to recognise the “one-China” policy that was arrived at during the 1992 cross-Strait talks where both countries agreed to recognise there was only one China. While such action may browbeat China into greater cooperation, it might also trigger a trade war that hurts the global economy all the way down to economies that depend on trade.
“Despite a long track record of employing and training locals and investing in the local community, when the economy gets tough, the foreign firm is always seen as somehow not friendly to China”, the report quoted a senior country manager in the real estate and development industry as writing.
Taiwanese President Tsai Ing-wen’s recent trip to Central America has set Beijing’s nerves on edge.
However, on the eve of the 45th US President’s inauguration, the Chinese government and state-run media made a rather conciliatory move in an attempt to mend China’s relationship with the newly elect US President.
In an interview following his presentation, Dr. Hudson said President Trump’s renegotiation of the trade agreements and bringing jobs back to the usa are both developments that are likely to put pressure on the dollar “in terms of raising its value”.
It argued that an economic clash could benefit China in some ways and not be in the interest of the US. “If China’s economy turns south, they’re less of a big source of demand for USA agricultural products”.
However, if TPP can not be salvaged he hopes a separate Taiwan-US trade pact might be signed and that Taiwanese investors might help Trump fulfil his pledge to create US jobs.
However, she outlined that following one-China policy is Beijing’s major expectation from Trump. “China relationship as in need of adjustment to support the president-elect’s objective of a manufacturing renaissance”, said Condon.
Worldwide relations professor Yu Xiang said Mr Trump’s speech was “aggressive” as he urged the Chinese government “not to underestimate the challenges and difficulties we will be facing in Sino-US relations”.
“Taiwan is ready and able to contribute to the worldwide community and for this we require a more active participation in global issues”, she said.
– Donald J. Trump (@realDonaldTrump) January 23, 2017The president posted the same message from the official @POTUS Twitter account. And, if we try to renegotiate that, don’t think the Mexicans and the Canadians aren’t going to come to the table with demands for changes in things that are important to them.
Rhodes warned the upcoming United States administration against seeking a new approach to the issue, calling such potential move “dangerous” and “destabilizing”.