Pins matching tag:Taiwan

Richard Nixon spent 21 to 28 February 1972 in Beijing, Hangzhou and Shanghai, meeting Mao Zedong on the day he arrived. No sitting US president had set foot in the People's Republic, and the two governments had had no diplomatic relations for 23 years.

At the end of Nixon's visit the two governments published a joint statement setting out, separately, what each believed about Taiwan. Washington said it 'acknowledges that all Chinese on either side of the Taiwan Strait maintain that there is but one China' — the sentence US policy has rested on ever since.

From 1 January 1979 Washington recognised the People's Republic as the sole legal government of China and withdrew recognition from Taipei, ending thirty years in which the United States had treated the Republic of China on Taiwan as the government of all China.

Three months after breaking relations with Taipei, Congress wrote the substitute into law: an unofficial relationship run through the American Institute in Taiwan, arms 'of a defensive character', and a declared US capacity to resist any resort to force against Taiwan. It has governed the question ever since.

The first Speaker of the House to visit Taiwan in 25 years touched down in Taipei on the night of 2 August 2022. Within hours the PLA's Eastern Theater Command began live-fire exercises around the island, opening the Fourth Taiwan Strait Crisis.

A memorandum signed in Washington commits Taiwanese chipmakers such as TSMC to at least $250 billion of new US investment plus $250 billion in Taiwan credit guarantees, in return for a 15% tariff cap and Section 232 chip-tariff exemptions for companies building US fabs.

Polymarket's contract on China commencing a military offensive against any inhabited territory Taiwan administers, on or before December 31, 2026, showed a 4% chance on 20 September 2026 — its own note put the implied probability of no invasion at 95.8%. A separate market on any direct China-Taiwan military clash over the same window showed 6%.