Trump's tariff war affects Taiwan! He reveals a local industry has been "sentenced to death."
- byVic

讀後心得
Recently, U.S. President Trump announced a new tariff policy, imposing tariffs of up to 32% on certain products from Taiwan, which prompted a warning from former Taoyuan City Councilor Wang Haoyu, who believes this will have a serious impact on Taiwan's textile industry. As Chinese products find it difficult to enter the U.S. market, it is expected that a large amount of unsold Chinese textiles will turn to Taiwan, further squeezing the survival space for domestic operators. The Executive Yuan subsequently announced an NT$88 billion support plan to assist affected industries in coping with challenges, including several policies aimed at enhancing corporate competitiveness.
The U.S. President recently announced the latest tariff policy, which has impacted global trade, with tariffs as high as 32% imposed on certain products from Taiwan. In response, a former Taoyuan City councilor remarked that this move is tantamount to "pronouncing the death sentence" on Taiwan's textile industry. He stated on social media that the high 50% tariff on small parcels exported from China to the U.S. makes it difficult for Chinese-made textiles to enter the American market, and these unsold products are likely to flood into the Taiwanese market, which could severely impact the local textile industry. He warned that if the Taiwanese market is flooded with low-priced Chinese products, it will further squeeze the survival space of local manufacturers, potentially triggering a more severe industrial crisis.
He further pointed out that Trump's new tariff policy will directly impact the cross-border e-commerce industry from mainland China to the U.S., with well-known platforms facing setbacks. Due to the high tariffs, these businesses will find it difficult to sell their products to the U.S. To avoid losses, they will be forced to clear out their inventory. In this situation, a large volume of Chinese-made textiles, such as clothing, socks, towels, etc., may be dumped into the Taiwanese market. Meanwhile, if Chinese e-commerce platforms introduce promotional measures such as "free shipping to Taiwan," it will make the survival environment for local textile industries even more challenging. He candidly stated that such developments basically amount to a "death sentence" for Taiwan's textile industry.
Today, the Executive Yuan held a press conference on the "Response to U.S. Tariffs: Our Country's Export Supply Chain Support Plan," where the Premier announced that the government will promote eight major aspects and 20 specific measures to assist affected industries and various sectors of society in coping with challenges. The total budget for this plan is NT$88 billion, with the industrial sector receiving NT$70 billion in support and agriculture getting NT$18 billion in subsidies. The Premier stated that these 20 measures cover multiple areas of support, including providing financing and loan incentives, increased subsidies, and tax reductions. In addition, the government will assist businesses in enhancing their export capabilities, expanding into international markets, and strengthening the global competitiveness of industries. The government will pay special attention to small and medium-sized enterprises and traditional industries, and will formulate corresponding support plans to mitigate the impact of tariffs.