Taiwanese companies could move to the US to avoid the effects of Trump tariffs

Taiwan is home to multiple companies dedicated to the manufacture of technological components. Given the possible effects of the tariffs that Donald Trump announced for Mexico, Canada and China, the government has said that it will assist those companies that wish to move to the United States to avoid being hit by said taxes.

The objective of the Taiwanese government is to facilitate the adaptation of companies to this new scenario, with tariffs on imports, so that their operations are not severely affected.

The announcement states: “In light of the fact that the United States has imposed additional tariffs on Canada, Mexico and other countries, which has affected the overseas operations of some Taiwanese manufacturers, the Ministry of Economic Affairs has initiated a series of response measures.”

The strategy is aimed at making it easier for companies to adjust their supply chains and investment strategies. In this regard, “the Ministry has announced that it will offer customized services to manufacturers for overseas distribution, as well as relevant information on target markets for Taiwanese companies intending to relocate abroad.”

Companies wishing to move to the United States to open factories or transfer production processes to this or another country, including India, will receive information on “state and local investment laws in the United States, as well as opportunities in related markets and assistance in finding partners.”

M.Pino

Source: americaeconomia

(Reference image source: Eric BARBEAU on Unsplash)

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