Taiwan says it will assist companies in relocating to US after Trump’s tariffs

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

Taiwan said it will assist firms planning to relocate to the US in response to President Trump’s new tariffs on imports from China, Mexico and Canada.

The Taiwanese economy ministry said the support can include finding partners on the ground, understanding local investment laws, and promoting R&D cooperation between companies. 

As per Trump’s orders, additional levies of 25% will be imposed on imports from Mexico and most goods from Canada. Additionally, levies of 10% on goods from China will be imposed, taking the markets and investors by storm, according to Reuters.

A number of key producers of tech products, including semiconductors and electronics parts are based out of Taiwan. In the wake of Trump’s tariffs, Taiwan appears to be vulnerable given that many of the Taiwanese firms have factories in both Mexico and China.

Taiwan’s economy ministry also said it will provide information for firms wanting to relocate, including possible US states to invest in, local laws and help in finding partners. It added that the government’s Industrial Technology Research Institute branches based in North America will work actively to promote research and development and manufacturing cooperation between Taiwanese and US companies.

The ministry said it will closely monitor the changes in international trade and communicate with companies to help them with “the most timely support and assistance to ensure that they find the best strategies to cope with the changes”.

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare
AddThis Website Tools
Tags: Trump tariff
Desk Writer

Spends most of the time reading news all around the world. Strong knowledge and understanding of the current situation and happenings in the ASEAN region.

Recent Posts

Malaysia Mandates Stamp Duty on All Job Contracts Starting 2026

All employment contracts signed after January 1, 2026 in Malaysia will now need a stamp duty as a measure to…

June 10, 2025

Catch up the complete track list & it’s metaphor of “CRAVITY”s second album ‘Dare to Crave’

The upcoming second album ‘Dare to Crave’ and its concept video showcased the central theme of the band grapes which…

June 10, 2025

‘Ironheart’ upcoming 2025 Series: Who is ‘Ironheat’, the successor of Tony Stark?

Ahead of the global release of the mini series  ‘Ironheart’ Marvel Entertainment has released the second trailer that runs for…

June 10, 2025

“The Man of Classical Shots” Ruturaj Gaikwad to debut in the County Championship!

By signing the opportunity to play in the County Championship, the Indian opener and the skipper of CSK Ruturaj Gaikwad…

June 10, 2025

Jacky Cheung Concert 2025: All Registration Details!

The 60+ Concert Tour of outstanding Cantonese pop star Jacky Cheung in 2025 has prompted KrisFlyer to give its members…

June 10, 2025

Sri Lanka Cricket Awards 2024 Winners: Skipper Chamari dominates in all categories!

To celebrate and honor the excellent talents who are contributing to the pride of Sri Lanka Cricket team in all…

June 10, 2025