US-CHINA BRAWL: Manufacturers who ship China-made products to the US might face more adverse effects, the Ministry of Economic Affairs told business representatives
Taipei Times
Date: Jul 16, 2018
By: Staff writer
The Ministry of Economic Affairs has been urged to set up a special task force to help Taiwanese companies manage the impact of the nascent trade war between the US and China.
The ministry should also assist local companies to market their products overseas, while helping them to avoid the illegal transshipment or potential dumping of Chinese goods in the domestic market, business representatives who attended a closed-door meeting with the ministry on Friday last week said.
Some participants said they hoped that the government would help resolve the labor shortage once companies decide to relocate back to Taiwan should the US-China trade dispute remain unresolved, while others said the nation should participate in regional economic integration to lower tariff barriers.
With Washington threatening to impose fresh tariffs on another US$200 billion of Chinese goods on top of the July 6 punitive levy on US$34 billion of Chinese imports, the ministry met with several trade associations and local companies to discuss the potential effects. [FULL STORY]