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  • Writer's pictureBy The Financial District

U.S., Taiwan Ink Trade Deal As China Goes Ballistic

The United States signed a trade agreement Thursday (Friday, June 2, 2023, in Manila) with Taiwan over opposition from China, which claims the self-ruled island democracy as part of its territory, the Associated Press (AP) reported.


Photo Insert: The deputy USTR, Sarah Bianchi, attended the signing.



The two governments say the US-Taiwan Initiative on 21st-Century Trade will strengthen commercial relations by improving customs, investment and other regulation.


The measure was signed by employees of the unofficial entities that maintain relations between the US and Taiwan, a center for the high-tech industry. They have no formal diplomatic ties but maintain unofficial relations and have billions of dollars in annual trade.


The agreement is intended to “strengthen and deepen the economic and trade relationship,” the Office of the US Trade Representative (USTR) said in a statement. The deputy USTR, Sarah Bianchi, attended the signing.



The Chinese government accused Washington of violating agreements on Taiwan’s status and demanded the U.S. government stop official contact with the island’s elected government.


Taiwan and China split in 1949 after a civil war. The island never has been part of the People’s Republic of China, but the mainland’s ruling Communist Party says it is obligated to unite with China, by force if necessary.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Chinese leader Xi Jinping’s government has stepped up efforts to intimidate Taiwan by flying fighter jets and bombers near the island. American and European politicians have visited Taiwan in a show of support for its elected government.





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