US President Barack Obama yesterday held three-way talks with the leaders of Japan and Australia, a day after stressing that US engagement in the Asia-Pacific region is here to stay as China rises.
Obama met Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott on the margins of the G20 summit in Brisbane, which has been shadowed by rows with Russia over the Ukraine crisis.
Before reporters were ushered out of the room, Abbott said at the beginning of the meeting: “It’s good to be here with two such economic and strategic partners.”
Obama has denied that the US is bent on thwarting China’s economic and political emergence, but on Saturday stressed that Beijing must be a responsible actor on the world stage.
The prospect of a stronger tripartite alliance will stoke fears in Beijing that Japan, the US and Australia are ganging up to limit its increasingly assertive expansion in the region.
China has repeatedly warned of what it says is the danger of Japan “remilitarizing” under Abe, and regularly lambasts Tokyo for its apparent lack of repentance for misdeeds before and during World War II.
Abe signaled his eagerness to lift defense ties with Washington and Canberra in an opinion piece for the Australian Financial Review published on Friday, calling for “a peaceful, secure and prosperous future for the Asia-Pacific region.”
For his part, Chinese President Xi Jinping (習近平) told the Financial Review that Beijing is ready to increase defense cooperation with Australia, which has long profited from China’s voracious demand for its natural resources.
Ahead of the trilateral talks, a senior US administration official said the partners were looking well beyond the Asia-Pacific region.
“The trilat is a new and unique way to leverage the capabilities of key Asian partners to improve our security posture in the region, for example on maritime security and missile defense, and to partner on global issues, including ISIL [the Islamic State], Ukraine [and] Ebola,” the official said.
Meanwhile, China was announced as the G20 host for 2016.
Turkey takes over the presidency from Australia and will host the event in Antalya next year. In a communique, the group of the world’s biggest economies said China would be home to the G20 in 2016.
“Australia looks forward to working with Turkey over the next year and it is my very great pleasure to announce that China will be the G20 host in 2016,” Abbott told a press conference yesterday.
ACTION PLAN: Taiwan would expand procurement from the US and encourage more companies to invest in the US to deepen bilateral cooperation, Lai said The government would not impose reciprocal tariffs in retaliation against US levies, President William Lai (賴清德) said yesterday, as he announced five strategies to address the issue, including pledging to increase Taiwanese companies’ investments in the US. Lai has in the past few days met with administrative and national security officials, as well as representatives from various industries, to explore countermeasures after US President Donald Trump on Wednesday last week announced a 32 percent duty on Taiwanese imports. In a video released yesterday evening, Lai said that Taiwan would not retaliate against the US with higher tariffs and Taiwanese companies’ commitments to
‘SPECIAL CHANNEL’: Taipei’s most important tasks are to stabilize industries affected by Trump’s trade tariffs and keep negotiations with Washington open, a source said National Security Council Secretary-General Joseph Wu (吳釗燮) arrived in the US for talks with US President Donald Trump’s administration, a source familiar with the matter said on Friday. Wu was leading a delegation for a meeting known as the “special channel,” the Financial Times reported earlier. It marked Trump’s first use of the channel since returning to the White House on Jan. 20. Citing a source familiar with the matter, the Financial Times reported that Minister of Foreign Affairs Lin Chia-lung (林佳龍) was also a part of the delegation. The visit came days after China concluded war games around Taiwan and amid Trump’s
Intelligence agents have recorded 510,000 instances of “controversial information” being spread online by the Chinese Communist Party (CCP) so far this year, the National Security Bureau (NSB) said in a report yesterday, as it warned of artificial intelligence (AI) being employed to generate destabilizing misinformation. The bureau submitted a written report to the Legislative Yuan in preparation for National Security Bureau Director-General Tsai Ming-yen’s (蔡明彥) appearance before the Foreign Affairs and National Defense Committee today. The CCP has been using cognitive warfare to divide Taiwanese society by commenting on controversial issues such as Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) investments in the
HELPING HAND: The steering committee of the National Stabilization Fund is expected to hold a meeting to discuss how and when to utilize the fund to help buffer the sell-off The TAIEX plunged 2,065.87 points, or 9.7 percent, to close at 19,232.35 yesterday, the highest single-day percentage loss on record, as investors braced for US President Donald Trump’s tariffs after an extended holiday weekend. Amid the pessimistic atmosphere, 945 listed companies led by large-cap stocks — including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (鴻海精密) and Largan Precision Co (大立光) — fell by the daily maximum of 10 percent at the close, Taiwan Stock Exchange data showed. The number of listed companies ending limit-down set a new record, the exchange said. The TAIEX plunged by daily maxiumu in just