Trump Imposes 20% Tariff on Taiwan Imports Sparking Economic Concerns and Potential Job Losses in Key Industries
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Trump Imposes 20% Tariff on Taiwan Imports Sparking Economic Concerns and Potential Job Losses in Key Industries
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Industry and labor groups in Taiwan are responding urgently. The Chinese Federation of Labor warns that the cumulative tariff rate, now reaching 24.5 percent for many Taiwanese goods, is nearly 10 percentage points higher than those applied to some competitors such as South Korea. This has seriously eroded the price competitiveness of Taiwanese exports. Factories in Taiwan are reportedly being put up for sale in large numbers, reflecting the anxiety within key sectors like machine tools, ICT, machinery, bicycles, and textiles. The union emphasizes that while these industries account for only a fifth of Taiwan’s exports, they support four-fifths of the local workforce, heightening concern about large-scale job losses and the possible relocation of manufacturing abroad.
Labor and business associations are calling on the Taiwanese government to act. Proposed responses include negotiating directly with Washington for tariff relief, offering subsidies and support to affected workers, and rolling out policies to stabilize the Taiwan dollar and minimize export cost pressures.
A little broader context: President Trump’s 2025 executive order on tariffs targeted over ninety countries, asserting rates between zero and fifty percent, all as part of a strategy to push for reciprocal terms. On the current list, India faces the steepest, at 50 percent, while Taiwan, as noted, lands at 20 percent. According to The Daily Star and Jagran Josh, these moves signal a sharp turn toward economic protectionism and are designed to pressure trading partners into reducing their trade barriers on U.S. goods.
Washington’s tariff strategy also has a geopolitical side. Reports by Business Today and social media coverage confirm that the Trump Administration used tariff threats as leverage to pressure Taiwan, alongside India and Indonesia, to increase defense spending and purchase more American military equipment.
These developments underline the uncertainty surrounding Taiwan-U.S. trade relations. Professor Kerry Brown of King’s College London writes that with President Trump, ambiguity over Taiwan’s fate has only increased, as major decisions increasingly revolve around the president’s unpredictable stance toward both Beijing and Taipei.
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