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2025-04-19

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"Lu Xiuyan establishes a task force to respond to Trump's reciprocal tariffs, with the export manufacturing industry becoming the first wave of impact?"

讀後心得
U.S. President Trump announced a 32% equivalent tariff on certain products from Taiwan, primarily affecting industries such as machine tools, hand tools, and key components. The Taichung City Government will establish a task force to provide a dedicated consultation hotline to assist businesses in overcoming difficulties. At the same time, the Executive Yuan will launch an export supply chain support program on April 8, and the city government will coordinate central resources to mitigate the impact of the increased tariffs from the United States. The export-oriented manufacturing sector in the Taichung area has been significantly impacted, especially with a high proportion of exports in the machine tools and hand tools industries.

President Trump of the United States announced the implementation of "reciprocal tariffs," imposing tariffs of up to 32% on certain products from Taiwan, with the machine tool, hand tool, and key component industries being the most affected. The Taichung City Government has decided to establish a "task force" and provide a dedicated consultation service to proactively understand the impact on businesses and assist the industry in overcoming difficulties.

The Taichung City Government has announced the establishment of a 'task force' and the provision of a dedicated consultation service to actively grasp the impact on businesses and assist the industry in overcoming challenges.

The Executive Yuan has announced the official launch of our country's export supply chain support program on April 8. The city government will continue to keep track of the central government's various assistance measures and will establish a task force to facilitate the connection to central resources, reducing the extent to which the industry is affected by the increased tariffs from the United States. The Economic Development Bureau pointed out that in the face of the increased tariffs from the United States, Taichung's export-oriented manufacturing industry will be hit the hardest, especially for end products exported to the United States and Europe.

According to currently available data, there are more than 300 relevant industries in Taichung, and most businesses primarily export their goods, with a significant proportion exported to the U.S. and Europe. This leads to varying degrees of impact across industries. For example, Taichung is the center of Taiwan's machine tool industry, and according to data from relevant industry associations, Taiwan's total machine tool export value is expected to be around $2.218 billion in 2024, with the U.S. being the second-largest export market, with exports reaching $341 million, accounting for 15.4% of total exports. Regarding key components, exports to the U.S. account for about 7% of total export volume. In addition, Taichung houses 70% of Taiwan's hand tool industry, with the total export value of Taiwan's hand tools estimated at $3.78 billion in 2024, and the proportion of exports to the U.S. is about 50%, approximately $1.89 billion.

  • President Trump announced tariffs of up to 32%.
  • The Taichung City Government established a "task force" to provide a dedicated consultation service.
  • The Executive Yuan launched the export supply chain support program.
  • Taichung's export-oriented manufacturing industry is most vulnerable to impact.
  • The machine tool industry is very concentrated in Taichung, with significant impact.