00:01Fish farmers here in southern Taiwan are having a hard time.
00:05What was projected to be a year of growing sales
00:08now looks to be a year of steep competition.
00:11Newly imposed U.S. tariffs of 32% on Taiwanese exports
00:15have industry insiders worried.
00:18They say Taiwan may not be able to compete with countries with lower tariffs.
00:23The agriculture ministry estimates that the tariffs will most affect exports of orchids, edamame and tea,
00:39as well as fish like sea bass and mahi-mahi.
00:42Up to 80% of these fish are exported, leaving farmers worried.
00:47The government is in talks with the U.S. over the tariffs.
01:03But some farmers are concerned that the government's zero-tariff approach
01:07may backfire on their markets for industries like domestic pork.
01:11If imported meat becomes cheaper, local farmers may suffer.
01:15The agriculture ministry is considering solutions like financial assistance
01:31and creating new markets to help farmers navigate these uncertainties.
01:35The government is being forced to walk a fine line as it looks for solutions,
01:52balancing lowering trade barriers with its desire to smooth ties with the U.S.,
01:57all while protecting domestic industries and the people whose livelihoods depend on them.
02:02Ryan Wu and Tiffany Wong for Taiwan Plus.
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