Finance News

Taiwan under pressure to bolster defense amid Trump-Harris election race


Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. 

Ann Wang | Reuters

Taiwan is under growing pressure to build up its defense capabilities and deterrence against China in the face of uncertainty surrounding the U.S. elections slated for November, according to security and policy analysts. 

Taiwan’s foreign minister, Lin Chia-lung, last month told reporters that the self-governed island must rely on itself for defense and will likely keep spending and modernizing its military in the face of threats from China, which sees the island as its own.

The minister’s comments came in response to presidential candidate Donald Trump suggesting that Taipei should pay Washington for military protection. Trump said that the country “doesn’t give us anything” and has taken “100% of our chip business.” 

Experts said Trump’s remarks highlighted the unpredictability that faces Taiwan, especially after President Joe Biden dropped out of the race and endorsed his vice president, Kamala Harris, who has relatively less foreign policy experience.

‘Unpredictable’ Trump 

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Regardless, Trump’s tough stance on China has led many in Taiwan to believe he would support the island substantially, according to Lu-Chung Weng, a Political Science professor at Sam Houston State University.

Similar to 2016, the candidate is running on a tough-on-China policy and has already proposed a major ramp-up of his trade war against the country. 

According to Muhammad Faizal, a research fellow at Singapore-based S. Rajaratnam School of International Studies, a tougher China containment stance by Trump 2.0 would be welcomed by the ruling party of Taiwan and other Indo-Pacific partners. 

However, he added that they also fear that Trump’s “myopic and transactional approach” to foreign and defense relations — exemplified by his comments about Taiwan paying the U.S. for defense — could place them back on his geopolitical dartboard.

Meanwhile, while experts who spoke to CNBC agreed that a second Trump administration was likely to be packed with China hawks who see defending Taiwan as a top priority,…



Read More: Taiwan under pressure to bolster defense amid Trump-Harris election race

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