IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.06▼ 0.17% USD/MXN17.40▼ 0.08% USD/CLP936.27▲ 0.06% USD/COP3,212▼ 1.34% USD/PEN3.40▲ 0.08% USD/ARS1,479▲ 0.08% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.00▼ 0.34% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.55% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.65% BRENT 93.47 ▲ 2.70% WTI 86.40 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,135 ▲ 1.56% SILVER 59.73 ▲ 1.52% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 318.20 ▼ 4.14% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 146.00 ▲ 1.53% COTTON 80.43 ▲ 1.86% COCOA 5,401 ▼ 3.67% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.13 ▲ 0.07% PETR4 42.08 ▲ 1.01% VALE3 73.52 ▲ 1.77% ITUB4 42.67 ▲ 0.33% BBDC4 18.63 ▲ 0.43% ABEV3 15.86 ▲ 0.38% BBAS3 20.96 ▲ 0.38% B3SA3 15.38 ▲ 1.38% WEGE3 45.64 ▲ 7.46% PRIO3 58.96 ▲ 1.34% SUZB3 42.12 ▲ 1.18% RENT3 36.60 ▲ 0.14% AZZA3 17.28 ▼ 1.14% CSAN3 3.84 ▲ 1.59% RAIZ4 0.28 ▲ 3.70% PCAR3 2.73 — 0.00% GMAT3 3.88 ▲ 1.31% PSSA3 54.03 ▲ 1.03% CVCB3 1.18 ▲ 5.36% POSI3 3.70 ▲ 0.54% SLCE3 13.79 ▲ 0.29% NATU3 8.72 ▲ 0.11% BRKM5 5.83 ▲ 2.10% RANI3 7.97 ▲ 1.01% CSNA3 5.18 ▲ 2.37% CMIN3 5.72 ▲ 2.51% USIM5 8.57 ▲ 1.30% GGBR4 23.67 ▲ 0.77% ENEV3 25.44 ▲ 0.08% CPFE3 46.06 ▼ 0.73% CMIG4 11.01 ▼ 0.09% EQTL3 38.67 ▼ 0.41% LREN3 13.44 ▲ 1.28% VIVT3 35.52 ▼ 0.78% RAIL3 13.39 ▲ 1.13% KLABIN 17.77 ▲ 1.02% RAIA DROGASIL 18.07 ▼ 0.33% RDOR3 34.08 ▲ 0.47% HAPV3 11.37 ▲ 1.16% FLRY3 16.67 ▲ 0.73% SMTO3 15.76 ▲ 1.16% UGPA3 32.06 ▲ 0.75% VBBR3 34.17 ▲ 0.65% BBSE3 41.60 ▲ 0.12% BPAC11 56.00 ▲ 1.14% CURY3 30.14 ▲ 0.63% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.46 ▲ 0.08% VAMOS 3.15 ▲ 1.94% SANB11 26.53 ▼ 2.50% ASAI3 8.42 ▲ 2.06% SBSP3 28.66 ▲ 0.21% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.52 ▲ 0.09% ASUR 274.96 — 0.00% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 1.80% COPEC 6,450 — 0.00% BSANTANDER 79.01 — 0.00% FALABELLA 5,919 ▲ 1.18% ENELAM 84.53 — 0.00% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 — 0.00% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 — 0.00% GAP AIRPORT 217.68 — 0.00% ASUR 274.96 — 0.00% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 — 0.00% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,724 ▼ 1.17% ETH 1,929 ▲ 0.04% SOL 77.32 ▼ 1.01% XRP 1.14 ▼ 0.44% BNB 570.50 ▼ 0.54% ADA 0.17 ▼ 0.32% DOGE 0.07 ▼ 1.19% AVAX 6.51 ▼ 0.78% LINK 8.61 ▼ 0.44% DOT 0.84 ▼ 1.16% LTC 46.72 ▼ 0.20% BCH 220.84 ▼ 1.28% TRX 0.33 ▲ 0.06% XLM 0.19 ▼ 1.90% HBAR 0.07 ▲ 1.99% NEAR 1.88 ▼ 2.90% ATOM 1.47 ▼ 1.15% AAVE 96.70 ▲ 1.18% SELIC 14.25% EMBRAER 83.17 ▲ 0.63% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.50 ▲ 0.47% MBRF3 15.21 ▲ 0.66% MBRFY 2.95 — 0.00% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR16.43▼ 0.26% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.04▼ 0.08% USD/CNY6.76▼ 0.08% DAX 25,165 ▲ 0.61% CAC 8,454 ▲ 1.08% FTSE 10,744 ▲ 1.49% MIB 52,789 ▲ 0.96% IBEX 19,614 ▲ 1.21% STOXX 647.75 ▲ 0.71% EUR/USD1.14▲ 0.18% GBP/USD 1.3379 — 0.00% SPX 7,495 ▼ 0.19% DJI 52,197 ▼ 0.05% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,420 ▲ 0.14% VIX 17.37 ▲ 1.88% USD/CAD1.41▼ 0.18% US10Y 4.6420 ▲ 0.30% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.06 ▼ 0.22% USD/MXN 17.40 ▼ 0.08% USD/CLP 936.12 ▲ 0.04% USD/COP 3,210 ▼ 1.43% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,479 ▲ 0.08% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.00 ▼ 0.34% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.78 ▼ 0.65% BRENT 93.47 ▲ 2.70% WTI 86.40 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,135 ▲ 1.56% SILVER 59.73 ▲ 1.52% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 318.20 ▼ 4.14% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 146.00 ▲ 1.53% COTTON 80.43 ▲ 1.86% COCOA 5,401 ▼ 3.67% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.13 ▲ 0.07% PETR4 42.08 ▲ 1.01% VALE3 73.52 ▲ 1.77% ITUB4 42.67 ▲ 0.33% BBDC4 18.63 ▲ 0.43% ABEV3 15.86 ▲ 0.38% BBAS3 20.96 ▲ 0.38% B3SA3 15.38 ▲ 1.38% WEGE3 45.64 ▲ 7.46% PRIO3 58.96 ▲ 1.34% SUZB3 42.12 ▲ 1.18% RENT3 36.60 ▲ 0.14% AZZA3 17.28 ▼ 1.14% CSAN3 3.84 ▲ 1.59% RAIZ4 0.28 ▲ 3.70% PCAR3 2.73 — 0.00% GMAT3 3.88 ▲ 1.31% PSSA3 54.03 ▲ 1.03% CVCB3 1.18 ▲ 5.36% POSI3 3.70 ▲ 0.54% SLCE3 13.79 ▲ 0.29% NATU3 8.72 ▲ 0.11% BRKM5 5.83 ▲ 2.10% RANI3 7.97 ▲ 1.01% CSNA3 5.18 ▲ 2.37% CMIN3 5.72 ▲ 2.51% USIM5 8.57 ▲ 1.30% GGBR4 23.67 ▲ 0.77% ENEV3 25.44 ▲ 0.08% CPFE3 46.06 ▼ 0.73% CMIG4 11.01 ▼ 0.09% EQTL3 38.67 ▼ 0.41% LREN3 13.44 ▲ 1.28% VIVT3 35.52 ▼ 0.78% RAIL3 13.39 ▲ 1.13% KLABIN 17.77 ▲ 1.02% RAIA DROGASIL 18.07 ▼ 0.33% RDOR3 34.08 ▲ 0.47% HAPV3 11.37 ▲ 1.16% FLRY3 16.67 ▲ 0.73% SMTO3 15.76 ▲ 1.16% UGPA3 32.06 ▲ 0.75% VBBR3 34.17 ▲ 0.65% BBSE3 41.60 ▲ 0.12% BPAC11 56.00 ▲ 1.14% CURY3 30.14 ▲ 0.63% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.46 ▲ 0.08% VAMOS 3.15 ▲ 1.94% SANB11 26.53 ▼ 2.50% ASAI3 8.42 ▲ 2.06% SBSP3 28.66 ▲ 0.21% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.52 ▲ 0.09% ASUR 274.96 — 0.00% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 1.80% COPEC 6,450 — 0.00% BSANTANDER 79.01 — 0.00% FALABELLA 5,919 ▲ 1.18% ENELAM 84.53 — 0.00% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 — 0.00% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 — 0.00% GAP AIRPORT 217.68 — 0.00% ASUR 274.96 — 0.00% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 — 0.00% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,724 ▼ 1.17% ETH 1,929 ▲ 0.04% SOL 77.32 ▼ 1.01% XRP 1.14 ▼ 0.44% BNB 570.50 ▼ 0.54% ADA 0.17 ▼ 0.32% DOGE 0.07 ▼ 1.19% AVAX 6.51 ▼ 0.78% LINK 8.61 ▼ 0.44% DOT 0.84 ▼ 1.16% LTC 46.72 ▼ 0.20% BCH 220.84 ▼ 1.28% TRX 0.33 ▲ 0.06% XLM 0.19 ▼ 1.90% HBAR 0.07 ▲ 1.99% NEAR 1.88 ▼ 2.90% ATOM 1.47 ▼ 1.15% AAVE 96.70 ▲ 1.18% SELIC 14.25% EMBRAER 83.17 ▲ 0.63% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.50 ▲ 0.47% MBRF3 15.21 ▲ 0.66% MBRFY 2.95 — 0.00% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR 16.44 ▼ 0.13% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.04% USD/CNY 6.7610 ▲ 0.06% DAX 25,165 ▲ 0.61% CAC 8,454 ▲ 1.08% FTSE 10,744 ▲ 1.49% MIB 52,789 ▲ 0.96% IBEX 19,614 ▲ 1.21% STOXX 647.75 ▲ 0.71% EUR/USD 1.1418 ▲ 0.12% GBP/USD 1.3379 — 0.00% SPX 7,495 ▼ 0.19% DJI 52,197 ▼ 0.05% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,420 ▲ 0.14% VIX 17.37 ▲ 1.88% USD/CAD 1.4083 ▼ 0.16% US10Y 4.6420 ▲ 0.30%
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Wednesday, July 22, 2026

Taiwan Struggles with Defense Push as Trump’s Ukraine Stance Raises Alarms

By · February 22, 2025 · 2 min read

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Taiwan finds itself in a precarious position as U.S. President Donald Trump’s recent remarks on Ukraine raise fears of shifting American priorities. Trump’s controversial phone call with Russian President Vladimir Putin, aimed at negotiating an end to the Ukraine war, has unsettled allies.

His characterization of Ukrainian President Volodymyr Zelensky as a “dictator” and calls for concessions from Kyiv have drawn parallels to Taiwan, which also faces existential threats from a more powerful neighbor—China.

Taiwanese leaders worry that Trump’s transactional approach could extend to their island. During his first term, Trump criticized Taiwan for insufficient defense spending and accused it of “stealing” the U.S. semiconductor industry. Now, his administration has demanded Taiwan increase its defense budget to 10% of GDP, far beyond its current 2.45%.

Taiwan Struggles with Defense Push as Trump’s Ukraine Stance Raises Alarms. (Photo Internet reproduction)
Taiwan Struggles with Defense Push as Trump’s Ukraine Stance Raises Alarms. (Photo Internet reproduction)
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While President Lai Ching-te pledged to raise defense spending to over 3% of GDP in 2025, opposition-led budget cuts have frozen or slashed billions from critical programs, including submarine and drone initiatives.

Domestically, Lai faces significant hurdles. The Kuomintang (KMT), Taiwan’s China-leaning opposition party, has blocked efforts to boost military funding, arguing that such increases strain public finances. This political gridlock complicates Lai’s ability to reassure the U.S., which remains Taiwan’s primary arms supplier and security partner.

Taiwan Struggles with Defense Push as Trump’s Ukraine Stance Raises Alarms

China’s growing military assertiveness further heightens tensions. Beijing has ramped up military exercises near Taiwan, simulating blockades and invasions while modernizing its forces with hypersonic missiles and advanced naval capabilities.

Although analysts believe a large-scale Chinese invasion is unlikely in 2025 due to logistical and economic challenges, the risk of coercive actions remains high.

Meanwhile, Taiwan’s strategic importance as a semiconductor powerhouse adds complexity. The island produces over 60% of the world’s chips, making it indispensable to global supply chains. Yet Trump has threatened tariffs on Taiwanese semiconductors, pressuring Taipei to shift production to the U.S.

As Taiwan navigates these challenges, it must balance domestic political divisions with external pressures from both Washington and Beijing. The stakes are high—not only for Taiwan’s sovereignty but also for regional stability in the Indo-Pacific. Whether Taipei can maintain its resilience amid these uncertainties will shape its future and the broader geopolitical landscape.

 

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