US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets yesterday, but upped the ante on a brutal trade war with superpower rival China.After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump’s announcement th
SUPPORT: Despite concerns over tariffs, US defense officials stressed the importance of arming Taiwan and deepening military cooperation at a House hearing
The US Department of Defense is committed to strengthening Taiwan’s defense capabilities, despite growing concerns over the economic impact of US tariffs, a Pentagon official said on Wednesday.The department is “working to prioritize our security systems to Taiwan,” US Assistant Secretary of Defense
Taiwanese stocks surged 9.25 percent yesterday after US President Donald Trump overnight announced a 90-day pause on his “reciprocal” tariffs for most countries, easing investor fears and fueling a global rebound.The TAIEX opened sharply, soaring 1,615.09 points to 19,006.85, then stabilized as many
Germany’s next leader, the conservative Friedrich Merz, vowed on Wednesday to “move the country forward again” by boosting the economy and defense as he presented a deal to launch his coalition government by early next month.Merz is set to take over as leader of Europe’s top economy just as US Presi
NEGOTIATIONS: Taiwan has good relations with Washington and the outlook for the negotiations looks promising, Minister of Economic Affairs J.W. Kuo said
Taiwan’s GDP growth this year is expected to decrease by 0.43 to 1.61 percentage points due to the effects of US tariffs, National Development Council (NDC) Minister Paul Liu (劉鏡清) said at a meeting of the legislature’s Economics Committee in Taipei yesterday, citing a preliminary estimate by a priv
TRADE WAR: US President Donald Trump said other countries were ‘dying’ to make a deal with Washington, adding that ‘these countries are calling us up kissing my ass’
China is to impose 84 percent tariffs on US imports, up from 34 percent, the Chinese Ministry of Finance said yesterday, hours after similar levies by the US came into force. US President Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners, including punishing 104 p
More than 10,000 naturalized Taiwanese citizens from China did not provide proof that they renounced their Chinese citizenship as the law stipulates, the National Immigration Agency (NIA) told lawmakers yesterday. NIA officials made the remarks a day after the agency said in a news release that a mi
Western intelligence agencies on Tuesday warned of an increasing threat from Beijing’s security services to use malicious mobile phone applications to surveil Taiwanese independence activists, Tibetan rights advocates and others opposed by the Chinese government. An advisory issued late on Tuesday w
Ukrainian President Volodymyr Zelenskiy on Tuesday said that Ukrainian troops had captured two Chinese citizens fighting alongside Russian forces, with Kyiv demanding an explanation from Beijing. Moscow and Beijing have over the past few years boasted of their “no limits” partnership and deepened po
‘COMPREHENSIVE PLAN’: Lin Chia-lung said that the government was ready to talk about a variety of issues, including investment in and purchases from the US
The National Stabilization Fund (NSF) yesterday announced that it would step in to staunch stock market losses for the ninth time in the nation’s history.An NSF board meeting, originally scheduled for Monday next week, was moved to yesterday after stocks plummeted in the wake of US President Donald
China yesterday vowed to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.Trump has upended the world economy with sweeping tariffs that have raised the specter of an in
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 destabi
VAULTING TO THE TOP: Cheng Cheng-yu is the son of national gymnastics coach Cheng Kun-chieh and it was an ideal birthday gift as he turns 15 on Saturday
Taiwan’s Cheng Cheng-yu (鄭丞佑) yesterday clinched a gold medal in the boys’ gymnastics vault event at the ISF U15 Gymnasiade in Zlatibor, Serbia.Cheng scored 13.566 and 11.900 points for his two vaults, with an average score of 12.733.He also won silver in the floor event and a bronze as part of Taiw
US President Donald Trump on Monday made a surprise announcement that the US and Iran are poised to begin direct talks on Tehran’s nuclear program, but the Iranian minister of foreign affairs said the discussions in Oman would be indirect.In a further sign of the difficult path to any deal between t
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 s
Premier Cho Jung-tai (卓榮泰) yesterday agreed to deliver a report to the legislature on the impact of US tariffs on the economy and the Executive Yuan’s countermeasures.In reaction to US President Donald Trump’s 32 percent tariff on imports from Taiwan, the stock market posted its biggest intraday plu
US President Donald Trump on Sunday said that he would not back down on his sweeping tariffs on imports from most of the world unless nations even out their trade with the US, digging in on his plans to implement the tariffs that have sent financial markets reeling, raised fears of a recession and u
DEFENDING RIGHTS: One hundred percent freedom of speech is not an invitation to abuse that freedom to exterminate it or overturn the democratic system, Lai said
Freedom of speech should not be used to disseminate propaganda aimed at depriving the freedoms of Taiwanese or invalidate the Republic of China, President William Lai (賴清德) said on Freedom of Speech Day yesterday.Lai was speaking at a memorial service for Deng Nan-jung (鄭南榕), the late democracy advo
NO CHANGE: While those who take short-distance train rides would be the most affected, they mostly use TPASS and therefore their fares would not increase
Taiwan Railway Corp (TRC) is set to raise ticket prices for the first time in 30 years in late June, the acting chairman of the state-owned company said yesterday.At a meeting of the legislature’s Transportation Committee meeting, TRC acting chairman Wu Sheng-yuan (伍勝園) confirmed the average fare in
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