Trump's tariff war affects Taiwan! He reveals a local industry facing "desperation."
- byVic

讀後心得
Recent US President Trump announced a new tariff policy, imposing tariffs as high as 32% on certain products from Taiwan. Former Taoyuan City Councilor Wang Haoyu warned that this will have a serious impact on Taiwan's textile industry, even "sentencing it to death." He pointed out that textile products exported from China cannot enter the US due to high tariffs and may turn towards the Taiwanese market, further depriving local businesses of their survival space. The Executive Yuan has announced an 88 billion NT dollar support plan to assist affected industries in coping with challenges, including tax reductions and measures to enhance export capabilities.
The President of the United States recently announced a new tariff policy, which impacts global trade, imposing tariffs of up to 32% on certain products from Taiwan. A former city councilor from Taoyuan expressed that this move is tantamount to declaring a "death sentence" for Taiwan's textile industry. He stated on social media that the U.S. has imposed a high tariff of 50% on small packages exported from China, making it difficult for Chinese-made textiles to be sold in the U.S. These unsold products are likely to shift to the Taiwanese market, leading to a severe impact on the local textile industry. He warned that if low-priced Chinese products flood the Taiwanese market, it will further squeeze the survival space of local businesses, potentially triggering a more severe industrial crisis.
He further pointed out that this new tariff policy will directly affect China's cross-border e-commerce industry to the U.S., including well-known platforms. Due to the high tariffs, these operators find it difficult to sell their products in the U.S. and will inevitably have to significantly clear their inventory. In this situation, a large amount of Chinese-made textiles, including clothing, socks, towels, etc., may turn to the Taiwanese market. Furthermore, if Chinese e-commerce platforms offer additional incentives for Taiwan, it will make the survival environment for local textile industries even more challenging. He bluntly stated that such developments are, for Taiwan’s textile industry, essentially a "death sentence."
Recently, the Executive Yuan held a press conference announcing that in response to the U.S. tariffs, the government will promote nine major areas and twenty specific measures to assist affected industries and various sectors of society in addressing challenges. The total budget for the plan is NT$88 billion, with the industrial sector receiving NT$70 billion in support and agriculture receiving NT$18 billion in subsidies. The Executive Yuan's head stated that these twenty measures encompass various types of support, including providing financing and loan discounts, enhancing subsidies, and tax reductions. In addition, the government will assist companies in enhancing their export capabilities, expanding into international markets, and strengthening the global competitiveness of the industry. Special attention will be given to small and medium-sized enterprises as well as traditional industries, with corresponding support plans to mitigate the impact of the tariffs.