Peng Qing'en, a spokesperson for the State Council Taiwan Affairs Office

Peng Qing'en, spokesperson for the Taiwan Affairs Office of the State Council, on Wednesday slammed the Democratic Progressive Party (DPP) authorities claim that tariff talks with US reached preset goals, saying the so-called consensus is a “sellout contract” and a “letter surrender.”  
 
At a press briefing on Wednesday, a reporter noted that recently, after the conclusion of tariff negotiations between Taiwan authorities and the US, the US Department of Commerce announced that the US will apply reciprocal tariffs on Taiwan goods with a total rate not exceeding 15 percent; Taiwan semiconductor and technology companies will make at least $250 billion in new direct investment in the US and the Taiwan authorities will also provide at least $250 billion in credit guarantees; andt he DPP authorities claim that the tariff negotiations with the US have achieved their preset goals, and the 'Taiwan model' has received US support.
 
Asked to comment on that, Peng said that the so-called trade negotiations are in reality a form of maximum pressure exerted by the US using tariffs as a weapon to coerce Taiwan region into significantly increasing its investment in the US, in an attempt to hollow out Taiwan's advantageous industries. The so-called consensus reached is nothing more than a "sellout contract" by the DPP authorities to sell out the well-being of the Taiwan residents and the interests of industrial development, and a "surrender document" that kowtows in the face of economic bullying, Peng said.
 
The spokesperson further noted that the DPP authorities glorify their desperate compromises as a "major breakthrough," whitewash unilateral bullying as "equal cooperation," and package their appeasement as the "Taiwan model," allowing the US to plunder Taiwan's industries and exploit the Taiwan residents. Such incompetence and shamelessness will only completely ruin Taiwan's development prospects, Peng said.
 
Global Times