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Taiwan's ties with the United States are "rock solid," the island's president said Thursday, hours after President Donald Trump and Chinese leader Xi Jinping spoke on the phone about topics that included the self-ruled island's future. "The Taiwan-US relationship is rock solid, and all cooperation projects will continue uninterrupted," Taiwan President Lai Ching-te told reporters during a visit to textile merchants in western Taiwan. The comments came after Xi, in his first call with Trump since November, warned the US president to be "prudent" about supplying arms to the self-ruled island, according to a readout of their call provided by China's Foreign Ministry. Taiwan is a self-ruled democracy that China claims as its own territory, to be annexed by force if necessary. Beijing prohibits all countries it has diplomatic relations with - including the US - from having formal ties with Taipei. Still, while the US doesn't officially recognize Taiwan as a country, it is the island's .
President Donald Trump said Wednesday he and Chinese President Xi Jinping discussed the situation in Iran in a wide-ranging call that comes as the US administration pushes Beijing and others to isolate Tehran. Trump said the two leaders also discussed a broad range of other critical issues in the US-China relationship, including trade and Taiwan and his plans to visit Beijing in April. Trump, who continues to weigh taking military action against Iran, announced last month in a social media post he would impose a 25 per cent tax on imports to the United States from countries that do business with Iran. Years of sanctions aimed at stopping Iran's nuclear program have left the country isolated. But Tehran still did nearly USD 125 billion in international trade in 2024, including USD 32 billion with China, USD 28 billion with the United Arab Emirates and USD 17 billion with Turkey, according to the World Trade Organization.
China made a major announcement over the weekend, saying it was investigating the army's top general for suspected serious violations of discipline and law. No details have been revealed, but the action is a highly radical move: The general was the highest military member just below President Xi Jinping. The Defence Ministry said on Saturday that authorities were investigating two generals: Gen. Zhang Youxia, the senior of the two vice chairs of the powerful Central Military Commission, China's top military body, and Gen. Liu Zhenli, a lower member of the commission who was in charge of the military's Joint Staff Department. The move shakes up virtually the entire commission, chaired by Xi, leaving only one of its six members intact. "Xi Jinping has completed one of the biggest purges of China's military leadership in the history of the People's Republic," said Neil Thomas, a fellow at the Asia Society Policy Institute's Centre for China Analysis. For the army and China in general,
American rock climber Alex Honnold climbed the Taipei 101 skyscraper on Sunday without any ropes or protective equipment. Cheers erupted from a gathered crowd as he started climbing the 508-metre (1,667-foot) tower earlier Sunday, using the horizontal metal beams to pull himself up with his bare hands. The onlookers cheered again when he paused at one point and turned around to face them, in a red short-sleeve shirt that stood out as he made the climb. Honnold's free solo climb of the iconic building in Taiwan's capital city was being broadcast live on Netflix with a 10-second delay. The ascent, originally scheduled for Saturday, was delayed for 24 hours due to rain. The climb drew both excitement and concern over the ethical implications of attempting such a high-risk endeavour on live broadcast. Honnold, known for his ropeless ascent up Yosemite National Park's El Capitan, climbed up one corner of Taipei 101 using small L-shaped outcroppings as footholds. Periodically, he had to
The United States and Taiwan reached a trade deal on Thursday that cuts tariffs on Taiwanese goods in exchange for USD 250 billion in new investments in the US tech industry. The deal is the latest President Donald Trump has struck such as those with the European Union and Japan since he unveiled a sweeping tariff plan last April to address trade imbalances. Trump also has a one-year trade truce with China to stabilise ties with the world's second largest economy. Trump initially set the tariff at 32 per cent on Taiwanese goods but later changed it to 20 per cent. The new agreement slashes the tariff rate to 15 per cent, the same as levied on other US trading partners in the Asia-Pacific region such as Japan and South Korea. In a statement, the US Department of Commerce said the deal with Taiwan would establish an economic partnership to create several world-class US-based industrial parks in order to help build up domestic production. The department described it as "a historic ..
Taiwan-based TSMC, the world's largest computer chip maker, plans to increase its capital spending by about 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said Thursday. Taiwan Semiconductor Manufacturing Corp., a major supplier to companies including Nvidia and Apple, reported a net profit of 506 billion new Taiwan dollars ($16 billion) for the October-December quarter, a 35% surge from a year earlier, better than analysts' estimates. TSMC said Thursday that its revenue in the last quarter increased 21% from a year earlier to more than 1.046 trillion new Taiwan dollars ($33 billion). TSMC said it plans to boost its capital expenditure budget to $52 billion-$56 billion for 2026, up from about $40 billion last year. The company's shares have climbed more than 8% since the beginning of the year, reflecting its strong position in the AI-driven market. Other tech giants including Microsoft,
A week in which longtime tensions between neighbours China and Japan ratcheted up economically end politically drew to a close with no sign of improvements Friday as the Chinese ambassador in Tokyo rebuffed his host nation and the Japanese reported delayed shipments to suppliers in China because of the spat. The two developments capped a week where China made clear its displeasure with Japan by instituting new export controls, condemning what it called Tokyo's renewed militarism and cosying up to another regional neighbour, South Korea, during its leader's visit to Beijing. On Friday, the Chinese Communist Party's flagship newspaper, People's Daily, kept the jabs coming. New militarism will lead Japan back into the abyss, it said in an editorial. History serves as a stark warning, yet the Japanese right wing is repeating its old tricks. It was the latest in several days of pointed Chinese criticism toward Japan after its prime minister, Sanae Takaichi, suggested in November that sh
South Korean President Lee Jae Myung is set to begin his visit to China on Sunday as Beijing looks to deepen ties with the country after heightened tensions between China and Japan over Taiwan, a self-ruled island it claims as its sovereign territory. Lee's four-day trip is his first visit to China since taking office in June. It comes at a time of heightened tensions between China and Japan, after Japanese Prime Minister Sanae Takaichi in November said that her country's military could get involved if China were to take action against Taiwan. During his stay, Lee will meet with his Chinese counterpart Xi Jinping, their second meeting in just two months. Lee signals commitment to China's ties ------------------------------------------ Ahead of his trip, Lee gave an interview to China's state broadcaster CCTV at Seoul's Cheong Wa Dae, the presidential office also known as the Blue House. Lee was quoted as saying that it was his first interview held in the presidential palace and th