The United States announced the implementation of a 32% equivalent tariff on Taiwan, which will impact industries such as fisheries, and fishermen may face reduced selling prices. The Executive Yuan plans to allocate 18 billion to respond to the impact. China will also face a 34% tariff and a 20% punitive tariff, potentially transporting aquatic products to Taiwan for processing to change the place of origin.
The United States has announced that it will implement reciprocal tariffs, imposing tariffs of up to 32% on Taiwan.
The affected industries are estimated to include fisheries.
The general manager of the Xin Gang Fishermen's Association in Taitung indicated that the market may shrink, fish prices may drop, and fishermen will be significantly impacted.
The Executive Yuan plans to propose a budget of 18 billion NTD to address the impact of the tariffs.
Additionally, China will not only face a tax rate of 34%, but also bear an additional 20% punitive tariff.
Therefore, Chinese manufacturers may export aquatic products to Taiwan for processing and then re-export, in order to change the origin of the products.
