Renewed U.S.-China trade war has limited impact on Taiwan: president

Focus Taiwan
Date: 2019/05/10
By: Stacy Hsu

Taipei, May 10 (CNA) President Tsai Ing-wen (蔡英文) on Friday reassured the public that

President Tsai Ing-wen (蔡英文)

Taiwan’s economic fundamentals are strong enough to withstand the impact of a planned increase in U.S. tariffs on certain Chinese products, but called on overseas Taiwanese firms to return home amid a renewed trade war between the U.S. and China.

Tsai made the remarks at a press conference at the Presidential Office following a high-level national security meeting held Friday morning to discuss countermeasures as Washington and Beijing enter a new round of tariffs.

“Starting today, the U.S. is to increase tariffs on US$200 billion worth of Chinese goods from 10 percent to 25 percent, which could have a tremendous impact on the world economy,” Tsai said.

Fortunately, its impact on Taiwan remains limited, she added, given that the goods covered by current punitive U.S. tariffs do not include Taiwan’s main export products.

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