The News Lens
Date: 2018/03/28
By Brian Hioe
The recent hit to Taiwan’s steel industry raise questions about the nature of the 
Concerns in Taiwan that it will be severely affected by steel and aluminum tariffs by the Trump administration are ironic, illustrating the perils of placing one’s faith in the Trump administration.
Perhaps Taiwan could learn something from this.
The Trump administration intends to instate a 10 percent tariff on aluminum and 25 percent tariff on steel, something that has provoked panic among American allies and warnings from China that raising tariffs in order to begin a trade war will not work out well for America. [FULL STORY]
Leaders of the European Union, including French president Emmanuel Macron, have also warned that the European Union will not hesitate to react to new American measures. Nevertheless, American president Donald Trump has been cavalier, claiming that a trade war could work in America’s benefit.
Taiwan stands to be severely affected by the trade tariffs, particularly seeing as America imported 5.67 percent of its steel products from Taiwan in 2017. Taiwan has faced penalties from other anti-dumping measures in the past.