The Tai-Ex opened down 38-points this morning from yesterday's close, at

23,301 on turnover of 5.2-billion N-T.

The market lost ground on Monday as Taiwan Semiconductor Manufacturing fell

into consolidation mode on the back of lingering concerns over U-S tariff

policies.

Taiwan

The U-S House has passed an amendment banning the Defense Department from

creating, buying, or displaying any map that shows Taiwan as part of the

People's Republic of China.

The "Honest Maps" amendment was proposed by Republican Representative Tom

Tiffany and approved as part of the Department of Defense Appropriations Act

for the 2026 fiscal year.

The amendment prohibits using any funds from the Act to create, buy, or

display maps that show Taiwan, Kinmen, Matsu, Penghu, Wuciou, Green Island,

or Orchid Island as part of the P-R-C.

The Act includes 831.5-billion U-S dollars in discretionary (自行決定的)

spending.

Economics minister Kuo Jyh-huei is dismissing claims that the U-S has already

set a 32-per cent tariff rate for Taiwan.

Speaking at a legislative hearing, Kuo said he has no idea where the rumors

came from and he remains confident that Taiwan can negotiate a lower tariff

rate than the 25-per cent given to Japan and South Korea.

Cabinet spokesperson Michelle Lee is also denying the rumors (謠言) about the

tariff rate - saying the government has yet to receive any notification from

Washington.

The statements come after former Broadcasting Corporation of China Chairman

Jaw Shaw-kang made the claim about the 32-per cent tariff rate for Taiwan.

Vice Premier Cheng Li-chun is leading a delegation to the U-S this week for a

fourth round of tariff negotiations.

Harvard University lawyers argued in a Boston court on Monday that the Trump

administration blatantly violated the U.S. Constitution by freezing federal

funding.

It follows the White House freezing (停止) around two billion dollars' worth

of grants to the elite (精英) private university in Cambridge, Massachusetts.

Mitch McCann reports:

Milan's mayor says he will not step down in the face of a sweeping probe into

the city’s massive urban development over the last two decades.

The city’s top urban development official resigned while denying wrongdoing.

Milan prosecutors last week announced the investigation into Milan’s real

estate boom that has seen skyscrapers transform the city’s skyline and

entire neighborhoods rebuilt.

It includes the construction of a new Olympic village for the 2026

Milan-Cortina Winter Games.

The investigation targets more than 70 people for a system of corruption that

prosecutors allege made Italy’s financial and fashion capital “a commodity

to be plundered (被掠奪).’

That was the I.C.R.T. EZ News, I'm _____.

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