To respond to the impact of U.S. tariffs, the People’s Party group calls on Han Kuo-yu to negotiate as soon as possible and invites Chuo Rong-tai to conduct a special report on the 8th.
- byVic

讀後心得
The chairperson of the People’s Party Legislative Yuan caucus, Huang Kuo-chang, stated that due to the tariffs imposed by U.S. President Trump, Taiwan is facing a 32% tariff impact, which is putting pressure on the national economy, affecting industrial development and the livelihood of the people. The caucus demands that Legislative Yuan President Han Kuo-yu quickly convene negotiations and conduct a special report on April 8 to respond to the impending economic storm. The People’s Party criticized the Executive Yuan for its slow response, stating that the proposed NT$ 88 billion subsidy measures are insufficient to address short-term impacts, lack long-term response strategies, and call for seeking tariff exemptions and trade agreements from the U.S. to stabilize Taiwan's economy.
The chairman of the People’s Party Legislative Yuan caucus, Huang Kuo-chang, indicated that U.S. President Donald Trump has recently introduced a "reciprocal tariff" policy, which has impacted the global economic market, resulting in Taiwan being subjected to a 32% tariff. The People’s Party Legislative Yuan caucus today (April 5) urged Legislative Speaker Han Kuo-yu to quickly convene a caucus negotiation, demanding that the Executive Yuan take immediate action to present a special report during the Legislative Yuan session on April 8.
The People’s Party Legislative Yuan caucus pointed out that the reciprocal tariff imposed by the U.S. government will put extensive pressure on Taiwan's industries, affecting the national economy, the livelihood of the people, as well as Taiwan’s export trade and GDP. After assessing the situation, they called on Han Kuo-yu to gather the caucus for negotiations as soon as possible and asked the Executive Yuan to present a comprehensive special report during the Legislative Yuan meeting on April 8 to address the impending economic storm.
According to evaluations of the export value of various goods, Trump’s tariff policy will first impact information and communication products, including laptops, networking equipment, and panels, as well as traditional industries such as apparel, golf club heads, and auto parts. Although some costs may be passed through the supply chain, the high tariff pressure still exceeds expectations, leading companies to revise down profitability forecasts, and investment institutions have also downgraded ratings for some Taiwan export-oriented companies, affecting the attractiveness of foreign investment. Taiwan's electronics components and machinery manufacturers, which originally had an advantage in the global market, will face a highly unfavorable competitive environment due to U.S. policies.
The People’s Party criticized the Executive Yuan's response as overly slow, providing only limited financial assistance. On April 4, the Executive Yuan announced an investment of NT$88 billion to respond to the situation and put forth nine major areas and 20 measures, but the content was very empty. According to preliminary estimates by economists, Taiwan's exports to the U.S. may decrease by 63%, dragging down GDP by 3.8%, equivalent to a loss of NT$970 billion. The People’s Party further questioned the NT$88 billion in subsidies, stating that they failed to effectively address short-term impacts and lacked long-term response strategies for supply chain restructuring and export redirection, indicating that the Executive Yuan has no macro planning and lacks substantial strengthening and other economic body reciprocity methods.
The People’s Party stated that although the Executive Yuan claims to have initiated comprehensive communication with the U.S. side, these discussions are mainly limited to administrative departments, members of Congress, and American business groups, making it difficult to reach the core decision-making circle, resulting in negotiations lacking direction and depth. The Executive Yuan’s premier revealed his shortcomings during a press conference on April 4, leaving the public and industry feeling anxious.
The People’s Party once again urged Han Kuo-yu to convene consultative negotiations across party lines on April 7, demanding that the Executive Yuan present a special report at the Legislative Yuan meeting on April 8, which should include the government’s negotiations with the U.S. and their results, further seeking tariff exemptions or trade agreements, as well as comprehensive preparations for businesses and supply chain adjustments, allowing the public and industries to understand the government's concrete response measures to enhance confidence in the future.
The People’s Party emphasized that through the strong oversight of the nation’s highest representative institution, the government can be prompted to no longer be passive and lazy, and to consolidate cross-party consensus to face the challenge of high U.S. tariffs together, seeking solutions for Taiwan's future and competitiveness.