Crisis Management for a Conflict with North Korea

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孔令信觀點:關稅戰未歇,賴清德「大罷免」疾疾如律令

Kong Lingxin's opinion: The tariff war has not ended, and Lai Ching-te's "mass recall" is imminent

The Storm Media | Local Language | News | May 9, 2025 | UndeterminedTrade Issues and Numbers

In the context of Trump's ongoing tariff war, Japan has adopted a cautious approach, allowing it more negotiating power with the United States. Japanese Prime Minister Shigeru Ishiba considers the situation a "national crisis" and is handling it with care. Conversely, Singapore’s Prime Minister Lawrence Wong has urged citizens to prepare for a more protectionist economic climate, asserting that globalization and free trade are over. The Lai government in Taiwan, however, seems to be reacting submissively, failing to adopt a strategic position in face of changing dynamics.

Despite the severe global economic challenges, Lai Ching-te's government appears preoccupied with a "mass recall" tactic, focusing on internal mobilization rather than addressing external pressures. The article highlights that Japan, rather than retreating, is using negotiations and U.S. bond sales to their advantage. Meanwhile, Wong’s election success stemmed from pledging to guide Singapore through the economic tumult initiated by Trump's actions, showcasing a proactive leadership approach that contrasts sharply with Lai’s reactionary policies.

The local economy faces turmoil, especially with a recent surge in the New Taiwan dollar, which has adversely affected export-focused small and medium enterprises. The Lai government’s rapid response to stock market fluctuations has not translated to effective measures for businesses suffering from rising costs. Furthermore, concerns about the implications of the Taiwan dollar’s appreciation and potential U.S. trade barriers loom large. Critics argue that Lai's compliance with Trump's directives is leading to growing vulnerabilities, leaving Taiwan's economy more susceptible to American influence, and raising questions about the future survival and prosperity of the nation amidst high tariffs and currency fluctuations.

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