US Treasury Secretary Steven Mnuchin (left) and Chinese Vice-Premier Liu He have reached agreement regarding a major barrier to an end to the trade war. Photo: EPA

China and US reach milestone agreement on road to trade peace

  • Major hurdle overcome as both sides agree to monitoring and enforcement of trade pledges
  • No time frame for deal, but US Treasury Secretary Steven Mnuchin hopes it can be done quickly
Topic |   US-China trade war

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US Treasury Secretary Steven Mnuchin (left) and Chinese Vice-Premier Liu He have reached agreement regarding a major barrier to an end to the trade war. Photo: EPA
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Rolls of steel are stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan. Photo: Reuters

US-China trade war damages export powerhouse Taiwan’s growth prospects, as global demand softens

  • Taiwan’s exports fell for the fifth straight month in March, with the country vulnerable to global demand shifts offshore
  • Exports cover 77 per cent of Taiwan’s GDP, an estimated US$595 billion in 2019
Topic |   US-China trade war

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Rolls of steel are stacked inside the China Steel Corporation factory, in Kaohsiung, southern Taiwan. Photo: Reuters
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