China ‘firmly’ opposes U.S.-Taiwan trade initiative

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Reuters UK

BEIJING/TAIPEI (Reuters) -China “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the island plays in global supply chains. The United States and Taiwan announced the U.S.-Taiwan Initiative on 21st Century Trade on Wednesday, days after the Biden administration excluded the Chinese-claimed island from its Asia-focussed economic plan designed to counter Beijing’s growing influence. China has been angered by stepped up U.S. engagement with democratically g…

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