Foxconn’s Gou Warns of Stock Market Crash in Case of Taiwan War
Taiwanese billionaire Terry Gou, the founder of Foxconn Technology Group, warned that a war between the United States and Taiwan would cause a crash in the U.S. stock market.
Gou’s Warning
Gou, who is also the chairman of the main opposition party in Taiwan, made the comments during a speech at a political rally on August 2, 2023. He said that if a war were to break out between the U.S. and Taiwan, the U.S. stock market would crash.
Gou’s comments come amid increasing tensions between the U.S. and China over Taiwan. The U.S. has been increasing its military presence in the region, and China has been increasing its military exercises near Taiwan.
U.S. and China Relations
The U.S. and China have been locked in a trade war since 2018, and tensions have been escalating in recent months. The U.S. has imposed tariffs on Chinese goods, and China has retaliated with tariffs of its own.
The U.S. has also been critical of China’s human rights record, and has imposed sanctions on Chinese companies and individuals. China has responded by imposing sanctions on U.S. companies and individuals.
Taiwan’s Role in U.S.-China Relations
Taiwan has become a key point of contention between the U.S. and China. China views Taiwan as a breakaway province, and has threatened to use military force to reunify the island with the mainland.
The U.S. has long supported Taiwan’s independence, and has increased its military presence in the region in recent years. The U.S. has also increased its arms sales to Taiwan, and has sent senior officials to the island.
Gou’s Political Ambitions
Gou is the founder of Foxconn, the world’s largest contract electronics manufacturer. He is also the chairman of the main opposition party in Taiwan, the Kuomintang (KMT).
Gou has been a vocal critic of the ruling Democratic Progressive Party (DPP) in Taiwan, and has been pushing for closer ties with China. He has also been a vocal supporter of U.S. President Donald Trump, and has praised Trump’s policies on trade and Taiwan.
Gou’s Warning of Stock Market Crash
Gou’s warning of a stock market crash in the event of a war between the U.S. and Taiwan is a stark reminder of the potential consequences of a conflict in the region.
Gou’s comments come at a time when tensions between the U.S. and China are at their highest level in decades. The U.S. and China have been locked in a trade war since 2018, and tensions have been escalating in recent months.
The U.S. has been increasing its military presence in the region, and China has been increasing its military exercises near Taiwan. If a war were to break out between the U.S. and Taiwan, the consequences could be devastating for the global economy.
Conclusion
Terry Gou’s warning of a stock market crash in the event of a war between the U.S. and Taiwan is a stark reminder of the potential consequences of a conflict in the region. The U.S. and China have been locked in a trade war since 2018, and tensions have been escalating in recent months. If a war were to break out between the U.S. and Taiwan, the consequences could be devastating for the global economy.