Trump's tariff war affects Taiwan! He revealed that 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 as high as 32% on certain products from Taiwan. Former Taoyuan City Councilor Wang Haoyu bluntly stated that this move is like a "death sentence" for Taiwan's textile industry. He pointed out that facing a 50% tariff from the U.S., China may redirect unsold products to the Taiwanese market, further squeezing the survival space of local businesses and causing an industrial crisis. The Executive Yuan has also proposed a support plan of NT$88 billion to help affected industries cope with the challenges.
The President of the United States recently announced a new round of tariff policies, impacting global trade, particularly imposing tariffs of up to 32% on certain products from Taiwan. A former city council member in Taoyuan stated that this move is undoubtedly a "death sentence" for Taiwan's textile industry. He pointed out on social media that the U.S. imposes a high tariff of 50% on small packages exported from China, making it difficult for Chinese textiles to be sold in the U.S. These unsold products are likely to flow into the Taiwanese market, further delivering a severe blow to the local textile industry. He warned that if the Taiwanese market is flooded with low-priced Chinese products, it will severely squeeze the living space of local businesses, triggering a larger industrial crisis.
He added that Trump's new tariff policy will directly impact China's cross-border e-commerce industry to the U.S., including well-known platforms. The high tariffs make it difficult for these operators to sell their goods to the U.S., forcing them to clear their inventories heavily. Under this situation, many Chinese-made textiles such as clothing, socks, and towels may be dumped into the Taiwanese market. At the same time, if Chinese e-commerce platforms introduce promotions like "free shipping to Taiwan," it will further worsen the survival environment for the local textile industry. He unambiguously stated that such developments are essentially a "death sentence" for Taiwan's textile sector.
In addition, the Executive Yuan recently held a press conference on the "Response to U.S. Tariffs: Our Country's Export Supply Chain Support Program." The Premier announced that the government would promote nine major areas and 20 specific measures to assist affected industries and various sectors of society in responding to challenges. The total budget for this program is NT$88 billion, with the industrial sector receiving NT$70 billion in support and the agricultural sector receiving NT$18 billion in subsidies. The Premier stated that these 20 measures will cover various types of support, including providing financing and loan advantages, further increasing subsidies, and tax reductions. Additionally, the government will assist enterprises in enhancing their export capabilities, expanding international markets, and strengthening the global competitiveness of industries. Special attention will be given to small and medium-sized enterprises and traditional industries, and corresponding support plans will be developed to mitigate the impact of tariffs.