Taiwan’s “tiger” economy is back and burning bright. Driven by U.S. demand for Taiwan tech products, the island’s economy grew almost 15 percent in the first quarter of this year and it now exports more goods to America than China does. It is all part of a decade-long strategic pivot by Taiwan’s last two presidents away from China and towards the U.S.
Illustration by Nate Kitch
As the world prepares for an AI future, something remarkable has happened to the economic relationship between the U.S. and Taiwan. The U.S. is now importing more from Taiwan than it does from China.
Note: China data includes Hong Kong.Data: U.S. Census Bureau
Taiwan is the size of Maryland and has a population of just 23.4 million people — smaller than Shanghai’s. Nevertheless it exported $116.1 billion in goods and services to the U.S. in the first five months of this year, according
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