Taiwan Says China Economic Ties Make More Sanctions Unlikely
- Remarks from finance ministry come amid escalating tensions
- Taiwan reports exports rose 14.2% in July from a year ago
Shipping container operations at the port in Keelung, Taiwan.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
China’s economic measures against Taiwan are unlikely to have a major impact on trade between the two economies given how closely they’re intertwined, a finance ministry official said.
The electronics industries in both economies are “highly dependent on each other,” and Taiwan is China’s biggest source of imported integrated circuits, Beatrice Tsai, the ministry’s chief statistician, told reporters in Taipei Monday.