Tag: Treaties

Senate Committee Backs Bill to Deepen U.S. Economic Ties With Taiwan

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The Senate Finance Committee on Thursday passed a bill that would deepen economic ties between the United States and Taiwan and effectively create a tax treaty that is expected to pave the way for more Taiwanese investment in the American semiconductor industry. The effort by Congress could inflame tensions between the United States and China at a time when the Biden administration has been working to stabilize the relationship. President Biden dispatched three cabinet officials to Beijing this summer to improve dialogue between the world’s two largest economies. In a…

At Camp David Summit, Japan, South Korea and U.S. Present a United Front

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President Biden plans to cement a newly fortified three-way alliance with Japan and South Korea during a landmark summit at Camp David on Friday, bridging generations of friction between the two Asian powers to forge mutual security arrangements in the face of an increasingly assertive China. Mr. Biden will host Prime Minister Fumio Kishida of Japan and President Yoon Suk Yeol of South Korea at the presidential retreat in Maryland, the first time he has invited foreign leaders there and the first time the leaders of the three countries will…