I. Key Research Topics

The research covers the following key topics: 1. Focus and aims of the Trump administration's economic and trade agenda; 2. US economic and trade engagement with major trading partners and potential impact; 3. Development of US tech regulation; 4. Bilateral economic and trade agreements under the Trump administration; 5. The Trump administration's participation in multilateral economic and trade forums; 6. The impact of Trump administration's economic and trade agenda on Taiwan's industrial development strategy, and 7. Comprehensive analysis, conclusions, and policy recommendations for US-Taiwan economic and trade policy coordination.

II. Conclusions and Recommendations

In the study, a comparative analysis was conducted on the policy directions of the Trump and Biden administrations, and produced the following findings: 1. Both administrations recognize that economic security is national security, and the Biden administration has put more emphasis on fostering domestic technological innovation and advances. 2. Supply chain restructuring and reshoring is key for both administrations, with President Biden, previously during the campaign trail, advocating to build critical and strategically important supply chains at home, or to partner with trusted allies and friendly countries. 3. The Biden administration is likely follow its predecessor's confrontational posture toward China in technology, but may make some adjustments. 4. Both Washington and Beijing may seek ways to coexist and cooperate. While President Biden has acknowledged the issue of China’s thefts of technology and know-how, he also believed the US should address the differences and conflicts with China together with other allies. 5. The US’ Indo-Pacific strategy is expected to remain unchanged, with India becoming increasingly important. The Biden campaign team has clearly stated that the US should continue to be a crucial stakeholder in the Indo-Pacific region, dedicated to freedom of navigation and strategic cooperation with existing American allies. 6. President Biden embraces multilateralism, which helps drive a WTO reform effort (though the goal remains unclear), and it remains to be seen whether the US will rejoin the CPTPP.

III. Policy Recommendations

The study makes four policy recommendations for the Taiwan government: 1. Both the Biden and Trump administrations have advocated for supply chain restructuring, a stance beneficial for deepening Taiwan-US economic and trade ties. 2. The US’ Indo-Pacific strategy may complement Taiwan's New Southbound Policy. 3. New energy and trusted information and communication technology are promising areas for future bilateral collaboration. 4. The government should consider greater resource investment to strengthen relations with India, in response to the US’ Indo-Pacific strategy.

Chinese：https://web.wtocenter.org.tw/Page/126/388723