U.S., Taiwan to start formal trade talks under new initiative

This photo taken on August 11, 2022 shows Taiwanese flags on a street lane as tourists walk past in Taiwan’s Kinmen islands. The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with “economically meaningful outcomes,” in another sign of stepped up U.S. support for the island.

Sam Yeh | Afp | Getty Images