This week, Taiwan’s credibility, capacity, and alliances are all put to the test. Lawmakers confront Formosa Petrochemical over Russian naphtha imports, wargames expose the island’s energy fragility, and Nvidia’s Jensen Huang warns that China’s AI adoption is accelerating. President Lai Ching-te responds with an ambitious National Day blueprint—linking defense, AI infrastructure, and social welfare—while the NDC unveils a trillion-dollar plan to mobilize insurance capital. But as Lai pledges to help America “reindustrialize,” a quiet question lingers: is Taiwan strengthening its agency—or handing too much of it away?