Taiwan’s trade surplus
with the United States is significantly smaller than
Washington estimates, the economics minister
said, a point it hopes to press in its bid to get off
the US Treasury’s watch list of potential
“This issue has been discussed in several policy
rate-setting meetings by the Central Bank, and
we’ve explained to the US there are differences
in the way we calculated the numbers,” Minister of
Economic Affairs Lee Chih-Kung, who sits on the
central bank’s board, told media.
Taiwan, which was mentioned by the Treasury
last October, appeared again along with China,
Japan, South Korea, Switzerland and Germany on
the latest list published last week.
The semi-annual US Treasury currency report
has singled out the trading partners, to curb what
the US calls “unfair currency practices”.
Taiwan’s central bank, concerned about being
labelled a currency manipulator by President
Donald Trump, has pulled back on intervention to
weaken the Taiwan dollar.