Taiwan wafer industry to benefit from U.S. tariffs on China: MOEA

Focus Taiwan
Date: 2018/08/09
By: Liao Yu-yang and William Yen

Taipei, Aug. 9 (CNA) Taiwan’s semiconductor industry is likely to benefit from the

Image taken from Pixabay

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]

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