The Central Bank of Taiwan says that the rise in the United States very quickly may affect confidence in the cabinet

Taipei (Reuters) -The Central Bank in Taiwan on Saturday warned that the United States’ rapid debts could be “unfavorable” of US Treasury expectations and that US President Donald Trump’s policies have made investors cautious.

Taiwan consists of $ 593 billion in foreign exchange reserves more than 80 % of US Treasury bonds, according to the Central Bank, who said earlier this month that the treasury was “sound” and is still preferred by investors. He added that there was no concern about the dollar’s position as the leading international reserve currency.

Governor Yang Chen Long, in a letter published on the central bank website, said that Trump’s repeated criticism of the US -Federal Critical Federal Reserve has caused concerns about its independence.

He said: “In addition, the Tramp 2.0 commercial policy has made investors hesitant to detain US Treasury budgets; Trump budget,” The Law of the Great Beautiful Law “, may cause us to expand very quickly, which is not favorable to US sovereign debt expectations.”

“All these things had a great impact on the international monetary system that focuses on the US dollar and based on US credit.”

Trump’s tax and spending bill is the focus of its local agenda.

The draft law will increase more than expected 2.8 trillion dollars in the federal deficit over the course of the decade, despite the increase in US economic product, the non -party budget office expected on Tuesday.

In the first few weeks in his post, Trump announced comprehensive definitions of a wide range of countries and commercial partners, including Taiwan, only to stop them for 90 days in April to allow talks.

Yang said that Trump was hoping that the customs tariff would be able to solve the American trade deficit.

“However, the customs tariff policy not only fails to solve structural problems, but will also affect the American economy, and threaten to influence global trade and economy expectations.”

(Participated in the reports of Liang S Luo and Ben Blancard; edited by Jacqueline and Wong)