Speaking at the new conference, Yang Chin-Long, the governor of the Taiwan Central Bank, explained that “the US did not ask for a Taiwan's dollar (TWD) to evaluate.”
Additional offers
- Call market commentators not speculate on the TwD issue.
- Call on companies not to listen to the wrong analysis, be unreasonable expectations and sell your US dollar positions.
- Taiwan does not manipulate the exchange rate.
- Taiwan's surplus with the US has expanded in recent years, mainly due to the increase in US demand for Taiwan's information and communication technology, not the exchange rate factors.
- The volatility of the Taiwanese dollar to the US dollar has expanded because the foreign fund has entered Taiwan's shares and companies' expectations for the TWD assessment.
- I like to emphasize that the central bank did not participate in US-Taiwan tariff treatments, which means that the exchange rate is not discussed.
- Our central bank does not manipulate the exchange rate of the Forex.
- We strive to maintain the stability of the market best.
- We hope the market will calm down.
- Personally, I think Taiwan's dollar is too volatile, it's not good.
- The expectations of strong recognition are high, we have appropriately intervened.
- Forex has been abnormal in recent days.
- We hope it ends here (talking about a recent abnormal exchange rate activity).
- Let's look at the flows of the fund very carefully.
- We have found some trying to speculate on Forex.
- Small and medium-sized exporters today joined their US dollar positions with large-sized exporters.
The Central Bank's manager forwarded to reconciliation after the Taiwanese dollar (TWD) grew 6%on Monday, which is most important in the three decades, speculating that the Asian economy plans to refute its currency to cover US tariffs.
Tariffs
Tariffs are customs duties imposed on the import or category of products of certain goods. Tariffs are designed to help local manufacturers and manufacturers be more competitive in the market, providing a valuable advantage over similar goods that can be imported. Tariffs are widely used as protectionism tools with trade barriers and import quotas.
Although both tariffs and taxes earn both government revenues for public benefits and services, they have many differences. The tariffs are paid at the entry port, but the taxes are paid during the purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two thought schools among economists on the use of tariffs. Although some claim that tariffs are needed to protect domestic industries and solve trade imbalances, others consider them as a harmful tool that can raise prices and lead to damaging trade war in the long run, encouraging tariffs.
Before the presidential election in November 2024, Donald Trump made it clear that he intended to use tariffs to support US economy and American manufacturers. In 2024, Mexico, China and Canada accounted for 42% of the US import. During this period, according to the Mexican US Census Bureau, the $ 466.6.6.6.6 -billion exporter. Therefore, Trump wants to focus on these three countries when setting tariffs. He also intends to use the income earned through tariffs to reduce personal income taxes.
