The United States and Taiwan are expected to launch talks to strengthen their economic ties.

On Friday, Bloomberg reported that the USA and Taiwan were planning to announce mutual economic talks to strengthen their ties.

May 27, 2022 - 06:10 PM 219 views

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On Friday, Bloomberg reported that the USA and Taiwan were planning to announce mutual economic talks to strengthen their ties.

Additional Takeaways

In the coming weeks, bilateral economic talks are to be announced.

The USA and Taiwan's economic talks should focus on improving economic cooperation and supply chain flexibility, which fell short of a traditional free trade agreement.

The deal probably includes areas of trade assistance, trade in agricultural products, and supply-chain work.

The Market Reaction

The confirmation of the anticipated US-Taiwan negotiations is unlikely to please China, but markets appear to have overlooked this for the time being.

Currently, the AUD/USD pair, the Chinese proxy, is bouncing by 0.15% in a day to trade around 0.7135 points.

Meanwhile, the S&P 500 futures are down 0.12% so far.

 

 

 

 

 

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