< img src = "/uploads/blogs/fe/f2/ib-1io2gqpki_f1afc93.jpg" Alt = "Taiwan will allocate $ 2.7 billion to support companies affected by Trump tariffs"/~ 62 < p >Increasing import duties in the United States during Donald Trump's presidency was aimed at several purposes, among which was important to combat US and imported goods. In particular, Trump argued that such an imbalance arose through subsidies that governments of other countries provide their producers. Taiwan this week stated that it is necessary to take into account the role of such subsidies in the international trade process.
< P > Trump also warned countries that actively trade with the US that they may face serious consequences in the event of increasing their duties on importing US products. However, not all US trading partners have decided to take the appropriate steps as some of them wanted to worsen their relationship with the US through new duties.
< P > Taiwan plans to allocate about $ 2.15 billion to support its industrial sector, since the country is a large exporter of electronics, metallurgical products and automotive components. In addition, another $ 550 million will be sent to support agriculture, which can be affected by reducing fish and tea exports to the US. Raising duties will lead to rising prices for Taiwan goods, making them less competitive in the US market.
< p > Currently customs tariffs for clean semiconductor products have not yet been increased, but, according to Taiwan Minister, this is only a matter of time. Other goods exported from Taiwan to the United States will fall under a 10% base duty and an additional tariff of 32%. It is expected to force Taiwanese manufacturers to actively develop business in the United States, and Taiwan's power will seek to increase the purchase of US products in exchange for duties.
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