Skip to content

Taiwan Needs Diverse Trade Amid US-China Row: Finance Chief

  • US tech curbs on China have ‘increased the uncertainty’: Su
  • Exports are under pressure with waning China, global demand
Shipping containers stacked at the Port of Keelung in Keelung, Taiwan.

Shipping containers stacked at the Port of Keelung in Keelung, Taiwan.

Photographer: I-Hwa Cheng/Bloomberg
Updated on

Taiwan needs to diversify its trade away from China, the island’s finance minister said, citing uncertainties created by Covid Zero and rising geopolitical tensions between Washington and Beijing.

The recent US technology curbs imposed on China have “increased the uncertainty of the market,” Finance Minister Su Jain-Rong said in an interview on Friday, after the APEC finance ministers’ meetings in Bangkok. He added that one of Taiwan’s goals is to “try to diversify our trade partners, our trade market, so that we are not going to put all our eggs in one basket.”