How will Trump affect Taiwan exports?
Radio Taiwan International
Trade experts are assessing the potential impact of US President Donald Trump’s trade policies on
Taiwan’s exports to the United States.
Trump made trade issues and the protection of US manufacturing prominent themes of his campaign. But head of the economics ministry’s statistics department Lin Li-chen said Saturday that while Trump’s policies will have an impact on Taiwanese exports, that impact may not be apparent in the short-term. That’s because new policies take time to negotiate and implement. Lin also said that as long as existing relationships between businesses continue unchanged, decisions to move production to a new place will not have a big impact on Taiwan’s exporters.
However, Lin said that Taiwan won’t be able to ignore unexpected developments that may emerge this year. She said that these include the Trump administration’s policies and the overall direction of global trade. At the same time, she said that Taiwan will have to keep a close eye on changes in its trade with the US and Mainland China. [FULL STORY]