By: Chu Che-wei and Ko Lin
Taipei, Sept. 24 (CNA) Taiwanese businesses operating in China will be
badly hurt by the trade skirmish between the United States and China next year when their orders are likely to gradually shift to other countries, experts said Monday.
The U.S. government recently imposed a new 10 percent tariff on US$200 billion worth of Chinese imports, spanning thousands of products that include food seasonings, baseball gloves, network routers and industrial machinery parts.
The 10 percent tariff on those goods will be increased to 25 percent effective Jan. 1, 2019.
Chen Tain-jy (陳添枝), an economics professor at National Taiwan University, said the decision for a two-phase increase was made to reduce the toll of higher tariffs on holiday shoppers buying Chinese imports in the coming months. [FULL STORY]