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Taiwan to help companies relocate to US
following Trump tariffs

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Posted By: sunset, 2/3/2025 2:56:53 AM

Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China, were light on detail. But they kick in on Tuesday and have jolted markets as investors feared a broader trade war could severely hurt global growth. Shares in Taiwanese tech companies with factories in Mexico fell heavily on Monday, with Foxconn closing down 8.1%, Quanta down 9.8% and Inventec off 6.7%.

Comments:

I know Reuters is not a favorite source, but this headline was too good to resist. Also note, no mention of factory relocations to Canada.

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Taiwan to help companies relocate to US
following Trump tariffs
0 replies
Posted by sunset 2/3/2025 2:56:53 AM Post Reply
Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China, were light on detail. But they kick in on Tuesday and have jolted markets as investors feared a broader trade war could severely hurt global growth. Shares in Taiwanese tech companies with factories in Mexico fell heavily on Monday, with Foxconn closing down 8.1%, Quanta down 9.8% and Inventec off 6.7%.
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