The Trump tariff war has impacted Taiwan! He exposed one local industry that is "facing extinction."
- byVic

讀後心得
U.S. President Trump recently announced a new tariff policy, imposing tariffs of up to 32% on certain products from Taiwan. Former Taoyuan City Councilor Wang Haoyu stated that this will seriously impact Taiwan's textile industry, almost amounting to a "death sentence." He pointed out that textiles made in China, facing high tariffs, may struggle to be sold in the U.S., potentially turning to the Taiwan market, thus squeezing the survival space of local businesses. In response to the challenge, Executive Yuan Premier Su Tseng-chang announced an 88 billion NTD support plan to assist affected industries and social countermeasures, focusing on supporting small and medium-sized enterprises and traditional industries.
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 up to 32%. In response, a former Taoyuan City councilor candidly stated that this move is tantamount to a "death sentence" for Taiwan's textile industry.
He expressed his views on social media, stating that the U.S. is imposing tariffs as high as 50% on small packages exported from China, making it difficult for Chinese-made textiles to be sold in the United States. These unsold products are likely to turn to the Taiwan market, 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 operators, potentially leading to a more severe industrial crisis.
He pointed out that the new tariff policy will directly impact the cross-border e-commerce industry from mainland China to the U.S., including some well-known platforms. The high tariffs make it challenging for these operators to sell their goods to the U.S., and to avoid losses, they will inevitably need to significantly clear their inventory. In this scenario, a large quantity of Chinese-made textiles, such as clothing, socks, and towels, may potentially flood the Taiwan market.
At the same time, if Chinese e-commerce platforms further introduce promotional measures like "free shipping to Taiwan," it will make the survival environment for local textile industries even more difficult. He bluntly stated that such developments essentially amount to a "death sentence" for Taiwan's textile industry.
Recently, the Executive Yuan held a press conference on "Responding to U.S. Tariffs: Support Plan for Our Export Supply Chain," where the Executive Yuan Minister announced that the government will promote 9 key areas and 20 specific measures to assist the affected industries and various sectors of society in facing challenges. The total budget for the plan is NT$88 billion, with the industrial sector receiving NT$70 billion in support, and agriculture getting NT$18 billion in subsidies.
He stated that these 20 measures cover various kinds of support, including providing financing and loan incentives, increasing subsidies, and tax reductions. Additionally, the government will assist enterprises in enhancing their export capabilities, expanding international markets, and strengthening the industry's global competitiveness. Special attention will be given to small and medium-sized enterprises and traditional industries, with corresponding support plans developed to mitigate the impact of tariffs.