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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

China is Taiwan's biggest economic partner; trade with US declining

  • By Al Mayadeen English
  • Source: Agencies
  • 5 Aug 2022 21:37
2 Min Read

With Taiwan's exports substantially contributing to the Southeast Asia region, more than the US, China is exhibiting its strength in keeping the Taiwan economy growing, especially during the rise of geopolitical tensions.

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  • Part of Taiwan's port (Reuters)
    Part of Taiwan's port (Reuters)

A recent Taiwanese study reveals that the island depends more on China than it does on the US for trade. 

US purchases of Taiwan’s goods include mainly electrical machinery, vehicles, plastics, iron, and steel products. Taiwan is considered a major manufacturer in the key-chip industry. 

More exports to the Asian region than to US

Although the US recognizes Beijing as the sole legitimate government of China and maintains unofficial relations with the island, Taiwan’s business and economic ties with China and additionally Hong Kong have grown so large that China is by far considered its largest trading partner. 

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The analysis of data published through Wind Information indicates that China accounted for 42% of Taiwan’s exports, as opposed to the US’ 15% share. In total, Taiwan exported $188.91 billion in goods to China and Hong Kong just in 2021. 

Read more: Pelosi plans to visit Taiwan prompt markets to plunge

In addition, Taiwan’s exports to Southeast Asia were even greater than those to the US, amounting to $70.25 billion to the region compared to $65.7 billion to the US, as per the data.

US Speaker of the House Nancy Pelosi’s visit to the island, however, has left serious tensions in trade relations between China and Taiwan. The Chinese administration already took advanced steps to prepare the region during Pelosi's stay in Taiwan, such as in military drills, although it made a vow to reconcile with the island. 

China has suspended the import of some fruits, fish, and natural sand from Taiwan as a result, and further voiced its plan to impose sanctions on Pelosi and her close relatives.

Global markets have already taken a fall as a consequence of the rising tensions between the trio. 

  • Taiwan
  • US
  • Nancy Pelosi
  • Hong Kong
  • China
  • Trade

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