The Trump tariff war affects Taiwan! He revealed that a domestic industry is "facing a catastrophe."
- 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. Former Taoyuan City Councilor 王浩宇 warned that this is a "death sentence" for Taiwan's textile industry. He pointed out that due to the high tariffs, Chinese products would find it difficult to be sold in the United States, which could lead to these products turning to the Taiwanese market and further impacting the survival of local businesses. In response to the effects, Executive Yuan Minister 卓榮泰 announced that the government will promote an assistance program worth 88 billion NT dollars to support the affected industries.
The President of the United States recently announced the latest tariff policy, which has impacted global trade, with tariffs on some products from Taiwan reaching as high as 32%. A former Taoyuan City councilor stated that this approach is tantamount to issuing a "death sentence" for Taiwan's textile industry.
He stated on social media that the U.S. is imposing tariffs of up to 50% on small packages exported from China, making it difficult for Chinese-made textiles to be sold in the U.S. Therefore, these unsold products are likely to turn towards the Taiwanese market, which will severely impact the local textile industry. He also warned that if the Taiwanese market is flooded with low-priced Chinese products, it will further squeeze the survival space for local businesses, potentially triggering a more serious industrial crisis.
He further pointed out that the new tariff policy will directly affect the cross-border e-commerce industry between mainland China and the U.S., including well-known platforms. Due to the high tariffs, those businesses will find it difficult to sell their goods in the U.S., and in order to avoid losses, they will inevitably need to liquidate their inventory. In this case, a large amount of mainland-produced textiles such as clothing, socks, and towels may be dumped into the Taiwanese market. Moreover, if Chinese e-commerce platforms further implement incentives like "free shipping to Taiwan," it will make the survival environment for local textile businesses even more difficult.
In response to this situation, the Executive Yuan recently held a press conference and announced the promotion of 9 major focus areas and 20 specific measures to assist affected industries and society in facing challenges. The total budget for this plan is NT$88 billion, with the industrial sector receiving NT$70 billion in support and agriculture receiving NT$18 billion in subsidies. The announced 20 measures include providing financing and loan incentives, increased subsidies, tax reductions, and other support measures, which will help businesses enhance their export capabilities and expand international markets to strengthen global competitiveness. Particular attention will be given to small and medium-sized enterprises and traditional industries, with corresponding support plans aimed at mitigating the impacts of tariffs.