By: Liao Yu-yang and William Yen
Taipei, Aug. 9 (CNA) Taiwan’s semiconductor industry is likely to benefit from the
second set of tariffs imposed by the United States on Chinese products, a top Ministry of Economic Affairs official said Thursday.
The remark was made after the Office of the United States Trade Representative (USTR) announced on Tuesday that starting Aug. 23, a 25 percent tariff will be imposed on a list of imports from China worth approximately US$16 billion.
The list, which contains 279 tariff lines, covers items such as petrochemicals, steel and aluminum; machinery and some electronic products.
This is the second tranche of tariffs following the imposition of tariffs on about US$34 billion of imports from China that went into effect on July 6, the statement said. [FULL STORY]