Tensions in the Taiwan Strait today have a lot to do with both Lee Tenghui and Chen ShuiBian. Since Lee won the election in 1996, Taipeis intention of seeking separation from China has been gradually but clearly revealed. Though the U.S. has publicly maintained the One China position, it has kept very close unofficial relations with Taipei. This study assesses the complications of the WashingtonBeijingTaipei relations in recent years. The author examines Taipeis policies and practices in crossStrait issues, offers a set of rather detailed account of the triangular relationships. This brief study also provides an overview of the views of American media and think tanks on this issue. It is hoped that this analysis will contribute to a better understanding of this important and urgent issue at this critical time.