Taipei: The lead stories in Taiwan’s major newspapers on Tuesday focus on significant developments in Taiwan-US tariff agreements and regional security concerns.
According to Focus Taiwan, the United Daily News and China Times report that Taiwan and the United States are nearing consensus on reciprocal tariffs. This development marks a pivotal moment in economic relations between the two countries, with both sides working towards mutually beneficial trade agreements.
Meanwhile, the Liberty Times and Taipei Times highlight regional security issues, focusing on China’s military posture. The Liberty Times reports on the challenges faced by China in executing an amphibious invasion, as multiple nations keep a close watch on the Taiwan Strait. Similarly, Taipei Times features a statement from a general asserting that an invasion by China is improbable due to international vigilance over the region.
The Economic Daily News and Commercial Times shift focus to financial matters, specifically the significant depreciation of the Taiwan Dollar. Both outlets report that the Central Bank has intervened following the Taiwan Dollar’s substantial fall of NT$0.722 against the U.S. dollar, marking the largest single-day decline in 24 years. This financial development underscores concerns over economic stability amidst global currency fluctuations.