Minister of Economic Affairs says Taiwan companies will continue to establish manufacturing bases around the world

Taiwan News
Date: 2019/10/14
By: George Liao, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Minister of Economic Affairs Shen Jong-chin (沈榮津) said on Monday (Oct.

14) that despite the U.S. and China announcing a truce on tariff hikes, global deployment is still the long-term trend of Taiwan businesses, CNA reported.

U.S. President Donald Trump agreed Friday to put off planned tariff hikes this week from 25 percent to 30 percent on US$250 billion of Chinese goods. In exchange, he said China would buy American farm goods.

However, the two sides reportedly haven’t made any progress on the causes of the 15-month-old trade war. Shen said that as a result it was likely Taiwan’s businesses would continue to spread into new markets and establish manufacturing bases around the world.    [FULL  SORY]