Trump's inauguration brings big changes! Central Bank points out Taiwan's three major economic and financial impacts: tariff barriers may cause disasters.

Trump is about to return to the White House, his style may bring great uncertainty to the global political and economic situation, Central Bank President Yang Jinlong said today that Trump's future adoption of new trade policies, may bring three major impacts, including the slowdown of global economic growth momentum and inflation trend, China's economic momentum weakening, the uncertainty of the US monetary policy affects the stability of the global financial market. (Synopsis: Biden and Trump cordial talks: don't give up Ukraine, accelerate the provision of as much military aid as possible to Ukraine before leaving office) (Background supplement: Trump 2.0 policy may rekindle inflation!) Krumman warns: tariff war, repatriation of migrant workers are not harmful to the US economy: In response to former U.S. President Donald Trump's imminent return to the White House and the possible impact of his new trade policy on Taiwan, the Finance Committee of the Legislative Yuan today invited the Finance Department to give a special report on "The Possible Impact and Countermeasures of the New U.S. President's Trade Policy on Taiwan's Economic and Financial Stability." Yang Jinlong, president of Central Bank, pointed out in a written report that Trump may have three major shocks when he takes office, including the slowdown of global economic growth momentum and rising inflation, the weakening of China's economic momentum, and the uncertainty of US monetary policy affecting the stability of the global financial market, which will affect Taiwan's economic and financial prospects through multiple channels. First, global economic growth momentum is slowing and inflation is rising. Taiwan's exports, private investment and economic growth are mainly driven by the global boom, if the United States raises tariffs on all countries around the world, and triggers trade frictions, aggravating the restructuring of the global Supply Chain, it will impact global economic growth and inflationary development. Yang Jinlong said that if Trump strengthens China's technology and trade sanctions, Taiwanese manufacturers may still benefit from the transfer effect, injecting Taiwan's economic and trade growth, but the degree of benefit remains to be seen, in addition, the global supply chain is transferred again, which may push up the production cost of enterprises and increase the pressure of global inflation, and the raw materials required for Taiwan's production rely on imports, which should follow the spillover impact of global inflation that may rise. The second is the weakening of China's economic momentum. If the United States imposes high tariffs on China, it may lead to the resumption of a new round of trade war between the United States and China, further weakening China's economic momentum. China is Taiwan's largest export market, and it is necessary to follow the impact of China's economic momentum slowing on Taiwan's exports. The third is the uncertainty of the US monetary policy. The market's expectation of changing the trend of the US monetary policy may make international capital flows frequent and affect the stability of the global financial market. Yang Jinlong mentioned that during Trump's first presidential term, the US-China trade war began, although Taiwan unexpectedly benefited, but also expanded the trade surplus between Taiwan and the United States, but the US Treasury Department examined the three indicators of Exchange Rate manipulation, the surplus in goods and services trade with the United States exceeded $15 billion, and the current account surplus to GDP ratio exceeded 3%, both of which Taiwan has reached the standard, and Taiwan will be included in the Exchange Rate manipulation watch list by the United States in the future. Yang Jinlong suggested that the purchase of energy, agricultural products and military products from the United States can be expanded to narrow the trade surplus between the two sides. Tariff barriers threatened disaster? Yang Jinlong further pointed out in his report to the Finance Committee of the Legislative Yuan today that after Trump takes office, the impact on the global, China, and US monetary policies needs to be observed, and the previous experience of the US-China trade conflict is good for Taiwan, but it does not mean that "Trump 2.0" is the same as before, and we must be very careful about how to respond to the US monetary policy, the Exchange Rate report and the Forex market spillover policy. Taiwan's trade surplus with the United States has exceeded $50 billion this year, will it become the target of US trade sanctions? Yang Jinlong said that Taiwan's chips and information and communication products are very special, they belong to strategic materials, designed by the United States, made in Taiwan, and Taiwan's manufacturing is very advanced, the United States needs Taiwan's chips, and the cooperation between the two countries is of two benefits: Taiwan's information and communication products happen to be the products that the United States needs the most, and it is not yet known who will bear this tariff. Legislator Lai Shibao asked whether it would be a disaster for Trump to practice his political views and impose 60% tariffs on China and 10% on other countries? Yang Jinlong responded that Trump's first term plus the Biden administration, the tax on China will be raised to 19.3%, for other countries it is 3%, if it is to be raised to 60% for China now, and 20% for other countries, the increase is very large, he doubts whether the United States has a way to implement it, because it will be quite unfavorable to US inflation: The chairman of the Federal Reserve made a remark, very well, do not predict, assume, and guess political opinions, because we still don't know when the time point is and what the scale is. Related reports Gary Gensler's downfall countdown" Trump hinted that he would "adjourn the appointment of a new SEC chairman, bypassing Senate personnel scrutiny" Trump nominates BTC advocate Pete Hegseth as secretary of defense, Pentagon will pursue BTC strategy? Trump announced the appointment of Musk to lead the government efficiency department DOGE: dismantling the bureaucracy, Shiba Inu LOGO exposed "Trump took office with great variables! Central Bank points out Taiwan's three major financial and economic shocks: tariff barriers may cause disaster" This article was first published in BlockTempo "Dynamic Trends in Dynamic Areas - The Most Influential Block Chain News Media".