Morris Chang warned leaders that the impact of new tariffs will significantly impact global IT and telecom industry
By: Duncan Deaeth, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – During a press conference on Sunday, Nov. 18, Taiwan’s envoy to the APEC Summit, Morris Chang, declared that he and his delegation had successfully completed all tasks assigned by President Tsai Ing-wen.
However, over the weekend Chang also offered some sobering observations on the ongoing U.S.-China trade war, declaring that countries should not be optimistic about the second wave of tariffs expected to be levied by the Trump administration at the beginning of the New Year.
Chang’s remarks on the issue were made at the APEC forum on Saturday, Nov. 17 following remarks of Australian Prime Minister Scott Morrison, who said he remained optimistic about the trade war, despite indications that it would not end quickly.
China Times reports that Chang, urging other leaders not to be optimistic, expressed serious concern that upcoming tariffs set to target US$267 billion worth of Chinese imports, that the global IT and communications industries and the global supply chain will be greatly affected. [FULL STORY]