Trade

Taiwan’s Trade Surplus With US Jumps to Record as Trump Returns

The Port of Keelung in Keelung, Taiwan.
Photographer: Billy H.C. Kwok/Bloomberg

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By Yian Lee

January 9, 2025 at 8:24 AM UTC

This article is for subscribers only.

Taiwan’s trade surplus with the US surged to a record high in 2024, a haul that could rankle President-elect Donald Trump as he returns to the White House on a mission to eliminate America’s imbalances in commerce.

Net Taiwanese exports to the US jumped by 83.5% to $64.9 billion last year, according to a statement from the Finance Ministry on Thursday — the sixth straight year that the net figure has climbed.