US Tariffs Hit Taiwan Hard: Trade Tensions Rise as Trump Administration Implements Reciprocal 32% Duty on Taiwanese Goods
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US Tariffs Hit Taiwan Hard: Trade Tensions Rise as Trump Administration Implements Reciprocal 32% Duty on Taiwanese Goods
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In a dramatic escalation over recent months, President Donald Trump’s administration has ramped up US tariffs to the highest levels seen in more than a century. Since January, the average US tariff rate has soared from 2.5% to an estimated 27%, with targeted increases for dozens of trading partners. For Taiwan, the headline is a new “reciprocal tariff” rate of 32% on most Taiwanese goods announced on April 2—though crucially, semiconductors, Taiwan’s biggest export, are excluded from this hike.
Trump defended the tariffs as a way to boost American manufacturing and address what he views as dangerous trade deficits. However, the move was met with fierce criticism from both economists and the Taiwanese government, which labeled the tariffs “unreasonable.” In response, Taiwan chose negotiation over retaliation and offered to expand imports from the US while scrapping all tariffs on American products, aiming to keep trade flowing and maintain good relations.
Pressure is mounting inside Taiwan as these tariffs spark anxiety about economic stability and US support. The opposition Kuomintang party blasted President Lai Ching-te’s strategy of relying on Washington to counter Beijing, calling the tariffs a heavy blow. The Taiwanese government has responded with urgency, unveiling an NT$88 billion relief plan to stabilize industries and urging collaboration between all branches of government.
On the business side, Taiwan’s machine tool exporters are particularly nervous. With the US confirming 25% reciprocal tariffs for Japan and South Korea while Taiwan’s final status stays unclear, uncertainty is clouding the sector as the US remains its largest export market. Meanwhile, industry groups in Taiwan see even a 15% to 20% tariff as comparatively favorable—lower than what other East Asian competitors face—and are lobbying for clear communication and quick negotiation with US officials.
There’s also a regional shift. According to analysts at Goldman Sachs, North Asian economies like Taiwan are most exposed to these US tariff moves, while Southeast Asia might benefit as American companies look to diversify supply chains out of China. Some Taiwanese tech giants, such as TSMC and Foxconn, are already investing in manufacturing elsewhere to navigate these uncertainties—and Taiwan’s foreign minister is currently visiting Texas to strengthen trade ties and demonstrate goodwill by pledging new US purchases.
Negotiations are ongoing, with two rounds already completed and more expected before the latest August 1 tariff implementation deadline. The hope is for a resolution that supports stability for both US and Taiwanese businesses and avoids further shocks to the regional economy.
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