Posted 10/5/2020. Sector-specific trade agreements with Taiwan, rather than the full-blown trade deal many U.S. lawmakers have called for, could allow the U.S. to avoid a retaliatory response from China, analysts tell Inside U.S. Trade. The U.S. and Taiwan in recent months have drawn international attention - and China's ire - by strengthening diplomatic and economic ties. A free trade agreement with the U.S. is at the top of Taiwan's list of priorities, as Taiwan's president said in August. Half of the U.S. Senate and many other lawmakers have called for trade talks as well. However, as tensions remain high between the U.S. and China, these analysts say retaliation remains a real threat. Accordingly, some analysts think a sector-specific approach would be more responsible and productive, both for trade diversification and to avoid aggravating China.
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