讀後心得

Recently, U.S. President Trump announced a 32% tariff on Taiwan. Bank executives pointed out that "Made in America" will become a long-term policy for Taiwanese manufacturers, and they proposed support measures for financing, fund allocation, and entering the U.S. market. The Land Bank indicated that it could assist Taiwanese manufacturers in setting up factories and trade financing through its branches in the U.S. Moreover, due to the strict financial regulations in the United States, the bank's local experience will help clients adapt to the local market. With the advancement of tariff policies, the global supply chain restructuring has become inevitable, and Taiwanese businesses are facing pressure and are considering setting up factories in the U.S. or expanding investments. The extent of impact on various industries differs, but many Taiwanese manufacturers have already made arrangements to mitigate the effects. In the long term, they will have to consider the challenges and opportunities of manufacturing in the United States.

The U.S. President recently announced a reciprocal tariff policy, which will impose a 32% tariff on Taiwan. Executives from major banks indicated that, in the long term, “Made in America” has become one of the strategies that Taiwanese companies must consider. Banks can assist Taiwanese companies in formulating response measures from three directions: financing, global fund allocation, and entering the U.S. market.

In terms of financing, Land Bank stated that it will provide capital expenditure funding for Taiwanese companies through its U.S. branch, such as financing for setting up factories in the U.S. or trade-related financing. Additionally, the bank is strengthening its platform resources, process design, and system integration to assist clients in global fund allocation and logistics. Given the stringent U.S. financial regulations and anti-money laundering provisions, the local branch, with years of experience, can help clients smoothly enter the market and comply with local laws.

Bank executives analyzed that as the tariff policy is gradually implemented, first imposing high tariffs on China, Canada, and Mexico, and recently expanding to other trade deficit countries, past nearshoring and friend-shoring strategies have gradually been shelved. The trend of global supply chain restructuring is now unavoidable, and clients are accelerating their consideration of setting up factories in the U.S.

Chang Hwa Bank pointed out that Trump’s tariff policy will significantly impact the speed and scope of the restructuring of global supply chains. Taiwan's industries are largely export-oriented, and under pressure from increased tariffs on exports to the U.S., Taiwanese businessmen are beginning to consider setting up factories in the U.S. or expanding investments there. Overall, the level of impact varies across industries, especially for the server manufacturing and electronic components industries, which have completed their factory layouts in Mexico and are thus less affected.

Despite challenges such as the U.S.-China trade war, the technology war, and the COVID-19 pandemic, Taiwanese manufacturers have begun or completed the global dispersion of production capacity, reducing short-term impacts through capacity allocation in low-tariff countries. However, in the long term, “Made in America” will be an important factor that Taiwanese companies must consider in their future operational guidelines, even when facing challenges such as high costs, labor shortages, and incomplete supply chains in the U.S.