The economy ministry’s plan to offer assistance to businesses that are moving to the United States, including by assisting them in finding partners on the ground, was announced on Monday ( Feb 3 ) by Taiwan’s economy ministry.
Trump’s requests for more charges of 25 per share on imports from Mexico and most products from Canada, as well as 10 per share on goods from China, were light on information. However, they begin on Tuesday, causing panic in the markets because investors feared a global growth-related international war would be seriously impacted.
Given that many businesses in Taiwan have businesses in both China and Mexico, and because Trump has also threatened to impose coming taxes on imported cards, Taiwan’s companies are vital producers of software products like semiconductors and electronics parts.
In a speech outlining steps taken to assist businesses affected by the new US tariffs, Taiwan’s business government said it will provide information for businesses looking to travel, such as potential US says to invest in, local regulations, and assistance in finding partners.
The president’s North American Industrial Technology Research Institute trees may also actively promote Chinese and US companies ‘ research and development and manufacturing assistance, it added.
The government said it will remain to pay close attention to changes in global business and keep in touch with businesses to offer them” the most proper support and assistance to ensure that they find the best methods to cope with the adjustments.”
On Monday, Foxconn and Quanta both experienced declines in their stock of Chinese tech companies with factories in Mexico, with Inventec 2356 and Inventec 2356 down 8 %, respectively. TW off 8 per share. Taiwan’s standard catalog was over around 4 per share. Following the week-long Lunar New Year holiday, economic industry in Taiwan reopened on Monday.