The Trump tariff war impacts Taiwan! He reveals a local industry that has "suffered a fatal blow."
- byVic

讀後心得
The new tariff policy recently announced by U.S. President Trump has impacted global trade, with tariffs on some products from Taiwan reaching as high as 32%. Former Taoyuan City Councilor Wang Haoyu criticized this move, stating that it would have a severe impact on Taiwan's textile industry, deeming it a "death sentence" for the industry. He indicated that China's high tariffs would lead its textile products to shift to the Taiwanese market, further compressing the survival space for local businesses. The Executive Yuan has announced a support plan of 88 billion NTD to assist the affected industries in coping with the challenges.
The President of the United States recently announced the latest tariff policy, which has affected global trade, with tariffs on certain products from Taiwan reaching as high as 32%. A former Taoyuan City Council member bluntly stated that this initiative is tantamount to a "death sentence" for Taiwan's textile industry. He expressed on social media that the imposition of a 50% high tariff on small packages exported from China to the United States has made it difficult for textiles made in China to enter the U.S. market. The unsold products are likely to shift to the Taiwanese market, thereby causing severe impacts on 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 businesses, potentially triggering a more severe industrial crisis.
He further pointed out that the new tariff policy will directly impact China's cross-border e-commerce industry that exports to the U.S., including well-known platforms like Alibaba and SHEIN. Due to the high tariffs, these businesses will face difficulties in smoothly selling their products to the U.S., and they will have to significantly clear their inventories. In this situation, a large quantity of textiles made in China, such as clothing, socks, towels, etc., may shift to the Taiwanese market. At the same time, if Chinese e-commerce platforms like Taobao and JD.com offer "free shipping to Taiwan" promotions, it will make the survival environment for Taiwan's local textile industry even more challenging. He emphasized that such developments essentially amount to a "death sentence" for Taiwan's textile industry.
The Executive Yuan recently held a press conference, announcing the promotion of the "Response to U.S. Tariffs: Support Program for Our Export Supply Chain" to assist affected industries and various sectors of society in facing challenges. The total budget for the program is NT$88 billion, of which the industrial sector will receive NT$70 billion in support, and the agriculture sector will receive NT$18 billion in subsidies. The Executive Yuan stated that these 20 measures cover multi-faceted support, including providing financing and loan benefits, enhancing subsidies, and offering 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, with corresponding support programs formulated to mitigate the impacts of the tariffs.