August 12, 2022 17:28 GMT
USEM BulletFixed IncomeHomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsEmerging MarketsForeign Exchange
The White House Coordinator for the Indo-Pacific Kurt Campbell has told reporters that the US plans to unveil, "an ambitious roadmap for trade negotiations" with Taiwan, in the coming days.
- Jennifer Doherty of Newsweek reports that the WH coordinator says that the new plan will, "deepen ties with the island, but also remains committed to 1-China [the One-China policy]."
- Campbell: “We call on Beijing to reopen those channels it has closed" to “enable responsible risk reduction in crisis communication.”
- Campbell says that China "overreacted" to House Speaker Nancy Pelosi's (D-CA) trip to Taiwan and claimed that Beijing used the trip as a "pretext" to "launch a pressure campaign on Taiwan to try to change the status quo."
- Campbell did not have anything to add to an earlier Wall Street Journal report that President Biden and his counterpart Xi Jinping will hold a face-to-face meeting in SE Asia in November: "We don’t have anything further in terms of time or location."
- Campbell added that, "the US will ensure that our presence, posture, and exercises account for China's more provocative and destabilising behaviour."