US House Speaker Pelosi: Can’t let China establish ‘new normal’ on Taiwan
US House of Representatives Speaker Nancy Pelosi said on Wednesday, the US couldn’t let China establish a “new normal” around Taiwan, per Bloomberg.
Key quotes
Chinese leaders had been “trying to push their way” toward their goals on Taiwan.”
“What we saw with China is they were trying to establish sort of a new normal.”
“And we just can’t let that happen.”
Market reaction
The US dollar index is on a gradual recovery mode amid renewed Sino-American tensions over Taiwan, which have translated on the trade front.
The spot is trading at 105.40, adding 0.19% on the day. Meanwhile, the S&P 500 futures are also up 0.19% on the day.
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