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Author: Paula Chao
Published Date: 2019-05-10
Published Date: 2019-05-10
President Tsai Ing-wen says the punitive tariffs that the US has imposed on Chinese goods have a limited impact on Taiwan because they don’t cover Taiwanese exports.
The US has more than doubled tariffs on US$200 billion worth of Chinese products. The tariffs became effective at noon on Friday, Taiwan time.
Tsai said the trade dispute between the United States and China is a long-term structural issue which will fundamentally change the global trade order and supply chain. Tsai said that with this in mind, the government will work to speed up a return to Taiwan by overseas Taiwanese businesspeople. It will encourage them to invest in Taiwan, rebuild its industry chain, and replace Chinese products with quality goods made in Taiwan.