Taiwan is selling more to the US than China in major shift away from Beijing

A worker walks past the logo of the factory of King Yuan Electronics Co. after work in Miaoli County, western Taiwan, May 9, 2024. In late April 2024, King Yuan Electronics Corp., a Taiwanese company specializing in semiconductor testing and packaging, said it was ending its two-decade-long run in mainland China by selling off its entire stake, worth $670 million, in its venture in the eastern Chinese city of Suzhou.

“Everything is motivated by ... a desire to build Taiwan’s deterrent capability and their resilience, all in support of maintaining the status quo and deterring China from being tempted to take ... action against Taiwan,” Assistant Secretary of State Daniel Kritenbrink said.to $65 billion. That came after the Biden administration pledged up to $6.

Exports of semiconductors, electronic components and computer equipment from Taiwan to the U.S. more than tripled from 2018 to reach nearly $37 billion last year. It's not just tech: The island more than tripled exports of tapioca and its substitute, key ingredients in boba milk tea, to the U.S. between 2018 and 2023 and is shipping more fruits, tree nuts and farmed fish.

Since the 1990s, Beijing has tried to balance its claim over the island with favorable economic and trade policies, aiming to foster closer ties that could make it harder for Taiwan to break away.

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