讀後心得

U.S. President Trump announced a 32% tariff on Taiwan, prompting Taiwanese companies to reconsider their "Made in America" strategies. Bank executives pointed out that they will assist Taiwanese manufacturers in responding through financing, capital allocation, and entering the U.S. market. Especially in terms of financing, U.S. branches can help Taiwanese manufacturers with capital expenditures or trade financing. As tariff policies impact the global supply chain, Taiwanese industries are facing challenges and beginning to consider the possibility of establishing factories in the U.S. Overall, different industries are affected to varying degrees, but most Taiwanese manufacturers have already made preparations in their global layout to reduce short-term impacts.

U.S. President Trump announced on the 2nd the implementation of a reciprocal tariff policy, imposing a 32% tariff on Taiwan. Senior bank executives from large commercial banks pointed out that, in the long term, "Made in America" has become an important policy that Taiwanese companies must consider. Banks can assist Taiwanese companies in adapting to changes in three areas: financing, global capital allocation, and entry into the U.S. market.

In terms of financing, the Land Bank stated that it can support Taiwanese companies through its branches in the U.S., providing capital expenditures such as setting up factories in the U.S. or trade financing; additionally, the bank is enhancing its platform resources, process design, and system integration to help customers manage global capital allocation and logistics.

Due to the strict financial regulations and anti-money laundering laws in the U.S., leveraging the experience accumulated over the years through local branches can help clients successfully enter the market and understand local legal regulations. Bank executives analyzed that with the implementation of multiple rounds of tariff policies, high tariffs were first imposed on China, Canada, and Mexico, and have recently expanded to other trade deficit countries. The previous near-shore outsourcing and friend-shoring policies have become less significant, necessitating a restructuring of the global supply chain, with clients more actively considering the possibility of establishing factories in the U.S.

Chang Hwa Bank stated that Trump’s tariff policy has significantly impacted the speed and scope of global supply chain restructuring. Since most Taiwanese industries are export-oriented, Taiwanese businesses are facing pressure from the Trump administration's export tariffs on the U.S., intending to set up factories or expand investments in the U.S. Overall, the degree of impact varies across industries, with the server manufacturing and electronic components industries being in a favorable position as they have already established layouts in Mexico.

However, after experiencing the trials of the U.S.-China trade war, the tech war, and the COVID-19 pandemic, Taiwanese manufacturers have initiated or completed the dispersion of global capacity layouts and are somewhat prepared, utilizing countries with lower tariffs to manage capacity in order to mitigate short-term impacts. In the long term, “Made in America” will be an essential consideration for Taiwanese companies' future operations, even when facing high costs, labor shortages, and incomplete supply chains in the U.S.