US Trade Deficit with Taiwan Exceeds China for the First Time in 20 Years
According to recent data, the US trade deficit with Taiwan has surpassed its deficit with China for the first time since 2002. This shift has garnered significant attention from industry and policymakers, indicating a deepening economic relationship between the US and Taiwan.
Analysts point out that Taiwan's high-tech products and manufacturing are increasingly impacting the US market, reflecting a decreased reliance on goods from China.
Experts believe this could lead to a reassessment of bilateral trade and have profound implications for future trade policies.
