The Trump tariff war affects Taiwan! He revealed one local industry is "facing a life-and-death test."
- byVic

讀後心得
The new tariff policy recently announced by U.S. President Trump has impacted global trade, imposing tariffs of up to 32% on certain products from Taiwan. Former Taoyuan City Council member Wang Haoyu pointed out that this move is essentially a "death sentence" for Taiwan's textile industry. He warned that as Chinese products facing high tariffs struggle to sell, there may be a massive shift towards the Taiwanese market, further constricting the survival space for local businesses and potentially triggering an industry crisis. The Executive Yuan has proposed an NT$88 billion support plan to assist the affected industries.
The President of the United States recently announced the latest tariff policy, which has affected global trade, including imposing tariffs as high as 32% on certain products from Taiwan. A former city councilor from Taoyuan pointed out that this move is tantamount to "pronouncing the death sentence" on Taiwan's textile industry. He indicated on social media that the U.S. has imposed a steep 50% tariff on small packages exported from China, making it difficult for textiles made in China to enter the U.S. market. These unsold products may shift to the Taiwan market, leading to a severe impact on the local textile industry. He warned that if the Taiwan market is flooded with low-priced products from China, it will further squeeze the survival space of local operators, potentially triggering a more severe industrial crisis.
He further pointed out that the new tariff policy will directly impact China's cross-border e-commerce industry in the U.S., including major well-known platforms. Due to the high tariffs, these businesses will find it difficult to sell their products to the U.S. To avoid losses, they will inevitably have to clear out their inventories in large amounts. In this situation, a significant quantity of textiles made in China, such as clothing, socks, towels, etc., may dump into the Taiwan market. At the same time, if Chinese e-commerce platforms further introduce incentives such as "free shipping to Taiwan," the survival environment for the local textile industry will become even more challenging. He stated that such a development is essentially a "death sentence" for Taiwan's textile industry.
Recently, the Executive Yuan held a press conference on the "Support Plan for Our Export Supply Chain in Response to U.S. Tariffs," where the Premier announced that the government would promote 9 major areas and 20 specific measures to assist the affected industries and various sectors of society in facing the challenges. The total budget for the plan is 88 billion NT dollars, with the industrial sector receiving 70 billion NT dollars in support and agriculture receiving 18 billion NT dollars in subsidies. The Premier stated that these 20 measures encompass a wide range of support, including providing financing and loan incentives, increasing subsidies, and tax reductions. In addition, the government will help enterprises enhance their export capabilities, expand international markets, and strengthen the global competitiveness of industries. The government will pay special attention to small and medium-sized enterprises and traditional industries, formulating corresponding support plans to mitigate the impact of tariffs.