讀後心得

Recently, U.S. President Trump announced a new tariff policy that will impose tariffs of up to 32% on certain products from Taiwan. Former Taoyuan City Councilor Wang Haoyu bluntly stated that this move is equivalent to sentencing Taiwan's textile industry to "death." He indicated that China's high tariffs on the United States will cause Chinese-made textiles to become unsellable, potentially redirecting them to the Taiwanese market, which would have a severe impact on local businesses. Wang Haoyu is concerned that if the Taiwanese market is flooded with low-priced Chinese products, it will further threaten the survival of local industries. In response, Executive Yuan Premier Su Tseng-chang announced that the government will promote an NT$88 billion support plan to assist affected industries in addressing challenges, including measures such as preferential financing, subsidies, and enhancing export capabilities.

The President of the United States recently announced the latest tariff policy, impacting global trade, with tariffs on certain products from Taiwan as high as 32%. A former Taoyuan City councilor stated that this action is tantamount to “sentencing the Taiwanese textile industry to death.” He pointed out in a social media post that the U.S. has imposed tariffs of up to 50% on small parcels exported from China, making it difficult for Chinese-made textiles to enter the U.S. market. These unsold products are likely to turn to the Taiwanese market, further causing a significant impact on the local textile industry. He warned that if the Taiwanese market is flooded with low-priced Chinese products, it would further squeeze the survival space of domestic operators and could trigger a more serious industrial crisis.

He further pointed out that Trump’s new tariff policy will directly affect China's cross-border e-commerce industry to the United States, including some well-known platforms. Due to the high tariffs, these operators find it difficult to sell products to the United States, and to avoid losses, they must significantly clear their inventory. In this situation, a large number of Chinese-made textiles, such as clothing, socks, and towels, may be dumped into the Taiwanese market. Additionally, if Chinese e-commerce platforms offer promotions like "free shipping to Taiwan," it will make the survival environment for the local textile industry even more challenging. The councilor stated that this situation is almost like a “death sentence” for the Taiwanese textile industry.

The Executive Yuan recently held a press conference on the “Response Plan for U.S. Tariffs: Support Program for Our Export Supply Chain,” where the Premier announced that the government will promote a plan that includes nine major areas and twenty specific measures to assist affected industries and all 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 obtaining NT$18 billion in subsidies. The Premier stated that these twenty measures cover various forms of support, including financing and loan discounts, increased subsidies, and tax reductions. Additionally, the government will assist companies in enhancing their export capabilities, expanding international markets, and strengthening the global competitiveness of industries. Special attention will be given to small and medium-sized enterprises and traditional industries, with corresponding support plans formulated to mitigate the impacts of tariffs.

• Total budget for support program: NT$88 billion
• Support for industrial sector: NT$70 billion
• Support for agriculture: NT$18 billion
• Measures include: financing and loan discounts, increased subsidies, tax reductions, etc.