As U.S. President-elect Donald Trump prepares to take office in January, Taiwanese banks are bracing for both challenges and opportunities. Financial industry leaders see Trump’s policies as a double-edged sword, with anticipated tax cuts and deregulation likely driving corporate financing demand, while his unpredictability may heighten market volatility.
Cathay Financial Holding President Lee Chang-Ken (李長庚) acknowledged the potential strain on international relations from trade sanctions like tariffs but emphasized Trump’s focus on economic growth. Lee believes Trump will avoid extended stock market slumps and likened the upcoming term to “dancing with Trump,” urging financial institutions to adapt quickly to shifting conditions. Despite global uncertainties, he expressed confidence in Taiwan’s strong position in the AI supply chain, which has supported its economy and kept the Taipei stock market resilient.
Mega Financial Holding President Hsiao Yu-mei (蕭玉美) shared a similar outlook, viewing Trump’s tax and regulatory policies as opportunities for Taiwanese firms to secure financing for U.S. investments and capitalize on supply chain shifts. However, Hsiao warned that Trump’s tariff and immigration policies could drive up wages and inflation. She anticipates the U.S. government will aim for balanced measures to mitigate economic risks, leaving the long-term impact uncertain.