Trump is about to return to the White House, and his style may bring great uncertainty to the global political and economic situation. Central Bank President Yang Jinlong said today that Trump’s future adoption of new trade policies may have three major impacts, including global economic growth momentum. Slowing and rising inflation, the weakening of China's economic momentum, and the uncertainty of U.S. monetary policy have affected the stability of global financial markets. (Previous summary: Biden held cordial talks with Trump: Don’t give up on Ukraine and accelerate the provision of as much military aid to Ukraine as possible before leaving office) (Background supplement: Trump’s 2.0 policy may reignite inflation! Kluman warned: Tariff war , repatriating migrant workers will do no good to the U.S. economy...) Former U.S. President Trump is about to return to the White House, and the possible impact of his new trade policy on Taiwan has aroused concern. In response, the Finance Committee of the Legislative Yuan today invited the Ministry of Finance to discuss " A special report on the possible impact and countermeasures of the new U.S. president’s trade policy on Taiwan’s economic and financial stability. Central Bank President Yang Jinlong pointed out in a written report that Trump's taking office may have three major impacts, including the slowdown in global economic growth momentum and rising inflation, the weakening of China's economic momentum, and the uncertainty of U.S. monetary policy affecting global finance. Market stability will affect Taiwan's economic and financial prospects through multiple channels. First, global economic growth momentum is slowing down and inflation is rising. Taiwan's exports, private investment and economic growth are mainly affected by the global economy. If the United States raises tariffs on countries around the world, triggers trade frictions and intensifies the restructuring of global supply chains, it will impact global economic growth and inflation. Yang Jinlong said that if Trump tightens sanctions on China's technology and trade, Taiwanese manufacturers may still benefit from the transfer order effect, which will boost Taiwan's economic and trade growth, but the extent of the benefit remains to be seen. In addition, the global supply chain will shift again, which may push the Rising production costs for enterprises will add to global inflationary pressure. Since most of the raw materials required for Taiwan's production are imported, attention should be paid to the spillover effects of a possible rise in global inflation. Secondly, China’s economic momentum has weakened. If the United States imposes high tariffs on China, it may lead to a new round of trade war between the United States and China, further weakening China's economic momentum. China is Taiwan's largest export market, and attention should be paid to the impact of China's slowing economic momentum on Taiwan's exports. The third is the uncertainty of U.S. monetary policy. Changes in market expectations for U.S. monetary policy trends may increase international capital flows and affect the stability of the global financial market. Yang Jinlong mentioned that during Trump’s first term as president, the U.S.-China trade war started. Although Taiwan benefited unexpectedly and the Taiwan-U.S. trade surplus expanded, among the three indicators of exchange rate manipulation examined by the U.S. Treasury Department, the import and export of U.S. goods and services Taiwan has met the standards for a service trade surplus of more than 15 billion U.S. dollars and a current account surplus to GDP ratio of more than 3%. In the future, Taiwan's inclusion on the currency manipulation watch list by the United States "may become the norm." Yang Jinlong suggested that purchases of energy, agricultural products and military products from the United States could be expanded to reduce the trade surplus between the two sides. Could tariff barriers cause disaster? Yang Jinlong further pointed out in his report at the Legislative Yuan Finance Committee today that after Trump takes office, the impact on global, Chinese, and U.S. monetary policies needs to be observed. The previous experience in the U.S.-China trade conflict is good for Taiwan, but it does not represent "Trump's S&P 2.0" is the same as before. We must be very careful about how to respond to U.S. monetary policy, exchange rate reports, and foreign exchange market spillover policies. Taiwan's trade surplus with the United States has exceeded US$50 billion this year. Will Taiwan become the target of US trade sanctions? Yang Jinlong said that Taiwan's chips and information and communication products are very special and are strategic materials. They are designed in the United States and manufactured in Taiwan, and Taiwan's manufacturing is very advanced. The United States needs Taiwan's chips, and cooperation between the two countries benefits both countries: Taiwan's information and communication products happen to be It is still unclear who will bear the tariffs on the products that the United States needs most. Legislator Lai Shibao asked, if Trump implements his political views and imposes 60% tariff on China and 10% on other countries, will it be a disaster? Yang Jinlong responded that during Trump’s first term and the Biden administration, taxes on China were raised to 19.3% and for other countries it was 3%. If it is now to be raised to 60% for China, it should be raised to 60% for other countries. 20%, a huge increase. He doubted whether the United States would be able to implement it, because it would be quite detrimental to U.S. inflation: The Chairman of the Federal Reserve said a sentence that was very good. He said that he should not predict, assume, or make political opinions. To guess, because we still don’t know the time and scale. Related reports (Countdown to Gary Gensler's resignation) Trump hinted that he would "adjourn to appoint" a new SEC chairman, bypassing the Senate personnel review. Trump nominated Bitcoin advocate Pete Hegseth as Secretary of Defense. Will the Pentagon implement a BTC strategy? Trump announced the appointment of Musk to lead the Department of Government Efficiency DOGE: dismantling the bureaucracy and exposing the Shiba Inu LOGO. "There are big variables when Trump takes office! The central bank points out Taiwan's three major financial and economic shocks: tariff barriers may cause disaster." This article was first published in Dongzhong BlockTempo (the most influential blockchain news media).