Taiwan needs to review its import duties and trade practices to address trade barriers that led to the 32% reciprocal tariff imposed by U.S. President Donald Trump. Economists, such as Dachrahn Wu from National Central University, suggest that Taiwan must focus on issues raised in a U.S. Trade Representative report, particularly those related to cars, U.S. beef, and pork products. Taiwan’s petrochemical industry, along with other sectors, may need to consider shifting production or increasing U.S. investments to meet the U.S. goal of boosting American manufacturing. This shift could affect Taiwan’s GDP growth and its economic strategies moving forward.
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Source: Focus Taiwan
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