US Implements 'Cumulative' Tariff Calculation, Raising Taiwan's Rate by 20%
According to the latest economic report, the US has adopted a 'cumulative' calculation method for equivalent tariffs, which means that Taiwan's tariffs will increase by 20% based on the most-favored-nation (MFN) rate.
This move may have significant implications for bilateral trade relations and poses a challenge for Taiwanese exporters.
The economic department stated that it will closely monitor US policies and consider countermeasures to protect the profits and market competitiveness of Taiwanese businesses.
