Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Taiwan central bank says US debt rising too fast may impact trust in Treasuries

by Stephanie Irvin
in Real Estate
Taiwan central bank says US debt rising too fast may impact trust in Treasuries
Share on FacebookShare on Twitter


[TAIPEI] Taiwan’s central bank governor warned on Saturday (Jun 21) that rapidly rising US debt could be “unfavourable” to the outlook for US Treasuries and that US President Donald Trump’s trade policies have made investors cautious.

Taiwan’s US$593 billion in foreign exchange reserves are more than 80 per cent made up of US Treasury bonds, according to the central bank, which said earlier this month that Treasuries were “sound” and still favoured by investors. It added that there were no worries about the US dollar’s position as the leading international reserve currency.

Governor Yang Chin-long, in a speech posted on the central bank’s website, said Trump’s repeated criticisms of the US Federal Reserve’s monetary policy have caused concerns about its independence.

“In addition, Trump 2.0’s trade policy has made investors hesitant about holding US Treasury bonds; Trump’s budget, the ‘One Big Beautiful Bill Act’, may cause US debt to expand too quickly, which is unfavourable to the outlook for US sovereign debt,” he said.

“All of these have had a significant impact on the international monetary system centred on the US dollar and based on US creditworthiness.”

Trump’s sweeping tax-cut and spending bill is the centrepiece of his domestic agenda.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

The bill would lead to a larger-than-expected US$2.8 trillion increase in the federal deficit over the decade, despite a boost to US economic output, the nonpartisan Congressional Budget Office projected on Tuesday.

Trump, in his first few weeks in office, also announced sweeping tariffs on a broad swathe of countries and trading partners, including Taiwan, only to pause them for 90 days in April to allow for talks to take place.

Yang said Trump had been hoping the tariffs could resolve the US trade deficit.

“However, the tariff policy not only fails to solve the structural problems, it will also impact the US economy, and threaten to further affect the outlook for global trade and the economy.” REUTERS

Tags: BankCentralDebtFastImpactRisingTaiwanTreasuriesTrust
Stephanie Irvin

Stephanie Irvin

Next Post
US may target Samsung, Hynix, TSMC operations in China: sources

US may target Samsung, Hynix, TSMC operations in China: sources

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In