Washington

Who Relies on Taiwanese Trade?

By:
Florian Zandt

The United States and Taiwan signed a trade agreement on Thursday to strengthen their economic ties, amid rising tensions with China. The U.S.-Taiwan Initiative on 21st Century Trade hopes to improve customs and border procedures as well as other policies between the two countries. While Washington and Taipei have no formal diplomatic ties, the two governments are connected through unofficial relations and have $105.7 billion dollars in annual trade.

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