Taipei: The lead stories in major Taiwan dailies on Saturday highlight significant developments in international trade relations, particularly the impact of impending tariffs.
According to Focus Taiwan, United Daily News reports that former U.S. President Donald Trump is poised to begin notifying countries of tariffs that could reach up to 70%. This development is expected to have wide-reaching implications for global trade dynamics.
China Times echoes this sentiment, noting that Trump has declared countries will start paying these tariffs from August 1. This announcement has created ripples across international markets as nations brace for the economic impact of these measures.
Meanwhile, Liberty Times covers a domestic political event, reporting that campaigners have initiated a canvassing tour ahead of upcoming recall votes. This political maneuvering indicates a vibrant democratic process at play in Taiwan.
Economic Daily News and Commercial Times focus on the local stock market, with both publications identifying 16 stocks as potential safe investments amid the turbulence caused by U.S. tariff policies. These stocks are anticipated to lead an uptrend in the Taiex, Taiwan’s stock exchange.
Taipei Times shifts the focus to geopolitical tensions, reporting on U.S. criticism of China’s military activities, highlighting ongoing regional security concerns.