The embattled Trump administration has just nuked the decades long US recognition of the “One China” policy status quo in what surely constitutes the biggest shot across Beijing’s bow after months of anti-China escalation.
Despite the globe’s attention focused on the Capitol protest chaos and Democrats readying a charge to impeach under Pelosi, Secretary of State Mike Pompeo on Saturday announced this absolute bombshell, namely that he’s now lifting “self-imposed restrictions” on the relationship between the United States and Taiwan. He announced in an official statement:
Today I am announcing that I am lifting all of these self-imposed restrictions. Executive branch agencies should consider all “contact guidelines” regarding relations with Taiwan previously issued by the Department of State under authorities delegated to the Secretary of State to be null and void.
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Cathie Wood and ARK Invest had a phenomenal year. Here’s my warning to investors.