Taiwan Vice Premier says preferential terms reached with the US under tariff and trade deal would not change, and that they will have proactive talks with the US to ensure their interests protected under deals already reached with Washington
The statement from Taiwan's Vice Premier emphasizing that existing preferential terms with the US will remain unchanged hints at stability in US-Taiwan trade relations during a period of geopolitical tension.
PBoC injects CNY 526bln via 7-day reverse repos with the rate at 1.40% for a net drain of CNY 926.4bln
[MARKET UPDATE] Precious metals retreat with spot gold down more than 1% as it pulls back from the USD 5,200/oz level, while silver dropped by around 3% with headwinds seen amid a firmer dollar post CNY-fix
Taiwan Vice Premier says preferential terms reached with the US under tariff and trade deal would not change, and that they will have proactive talks with the US to ensure their interests protected under deals already reached with Washington
Fox Business's Edward Lawrence says admin official told him that tariffs Trump imposed on Friday under Section 122 are currently at 10%, and will go to 15%, but requires separate presidential action which is being worked on now
PRE-MARKET CHINESE STOCKS NEWS: Chinese markets reopen following the Luner New Year/Spring Festival Holiday
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This could alleviate concerns in markets sensitive to trade dynamics, potentially supporting risk assets including equities, while further underline the importance of Taiwan's role in global supply chains, particularly for tech and semiconductors.
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