The Taiwan Affairs Office of the State Council responded to the recent surge in the exchange rate of the New Taiwan dollar

On May 14th, the Taiwan Affairs Office of the State Council held a regular press conference. The reporter asked questions, the exchange rate of the Taiwan dollar has skyrocketed recently, and the public opinion on the island believes that it may be related to the US-Taiwan tariff negotiations. It is the US that requires the Taiwan dollar to take the initiative to appreciate through terms similar to the "Plaza Agreement" to reduce the trade deficit with Taiwan. This is another dud suffered by the island's industry after the US announced the imposition of high tariffs on Taiwan, which will seriously impact the island's export-dependent machinery, chemical, textile and other industries and exacerbate the industrial dilemma. What is your comment on this? Chen Binhua, a spokesperson for the Taiwan Affairs Office of the State Council, said that in the face of the US tariff bullying and extreme suppression of Taiwan, the DPP authorities have long "raised the white flag" and knelt down to beg for mercy. The so-called "negotiation" with the US is just a show, and the US will only get an inch in exchange. Lai Qingde claims that he wants the people of Taiwan to "endure hardship as compensation". The "response strategy" he proposed is actually a "big purchase and big investment to please the United States", and a sincere plea for mercy by "selling Taiwan and kneeling to the United States". In the face of common risks and challenges, Chinese people on both sides of the strait should work together to safeguard the right to development and national dignity. We are concerned about the difficulties faced by industries and enterprises on the island, and welcome relevant industries and enterprises to come to the mainland to invest and develop.