Focus Taiwan
Date: 2018/09/09
By: Liao Yu-yang and Evelyn Kao
Taipei, Sept. 9 (CNA) Taiwanese businesses are mulling moving manufacturing
Image taken from Pixabay
operations from China amid the intensifying trade war between the Washington and Beijing, with those in the textile, electronics and bicycle industries most likely to relocate operations, according to the latest survey released by the Ministry of Economic Affairs (MOEA).
The U.S. imposed a 25 percent tariff on up to US$50 billion of Chinese goods in July and is threatening tariffs on an additional US$200 billion.
China-based Taiwanese businesses could be badly hit if trade tensions between the U.S. and China heat up further, experts have warned.
The intensifying trade war could cause Taiwanese businesses with operations in China to withdraw, Economic Minister Shen Jong-chin (沈榮津) said, noting that in the 1990s, many Taiwanese manufacturers set up factories in China due to higher land, labor costs and strict environmental protection regulations in Taiwan. [FULL STORY]
