With the latest U.S. tariffs taking effect, Taiwanese exports to the U.S., particularly from traditional industries, could face serious costs from tariff stacking. While final tariffs on Taiwan’s semiconductor products are pending, other industry exporters in textiles – who originally faced tariffs of about 10-20% – are now seeing rates rise to 30-40%. Other sectors are seeing similar hikes. Agricultural and fishery products are now subject to 20% tariffs, up from zero.
00:00With the latest round of U.S. tariffs taking effect, Taiwanese exports to the U.S.,
00:05particularly those from traditional industries, could face serious costs due to tariff stacking.
00:11While final tariffs on Taiwan's semiconductor products are still pending,
00:16exporters in other industries like textiles, who originally faced tariffs of around 10 to 20 percent,
00:22are now seeing rates rise to between 30 to 40 percent.
00:25The same applies to other sectors like bicycles, plastics, rubber, and machinery.
00:31And agricultural and fishery products are now subject to 20 percent tariffs, compared to none previously.
00:38In addition, importers of agricultural, fishery, and textile products are also likely to be among the most affected by the market, opening to the U.S.
00:47Members from Taiwan's Federation of Industries and other experts are urging the government to take action and provide funding support.
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