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US Tariffs on Taiwan Exceed 20%, Ministry of Economic Affairs Confirms Additional Charges

US Tariffs on Taiwan Exceed 20%, Ministry of Economic Affairs Confirms Additional Charges

The Ministry of Economic Affairs has stated that tariffs imposed by the United States on Taiwan exceed just 20%. The ministry pointed out that these rates will be layered on top of existing tariffs, leading to an increased financial burden.

The Ministry emphasized that these policy changes will impact cross-strait trade, especially concerning high-tech products and agricultural goods. Ongoing attention and response to the upcoming tariff issues are necessary. The government has also developed strategies to mitigate impacts on businesses.