20% provisional tariffs to take effect, the Executive Yuan: machine tools, orchids, etc., will be affected
Keywords: tariff, machine tool, orchid, Executive Yuan,龚 Mingxin
Back to News List
Thursday, 07 August 2025
The US reciprocal tariffs are expected to be implemented starting August 7. Taiwan's provisional tariff rate is 20%. The Secretary-General of the Executive Yuan,龚 Mingxin, stated that Taiwan's reciprocal tariffs have been reduced from 32% to 20%, reducing the impact on the overall industry by more than half. However, machine tools, plastic industries, and orchids, among others, will face challenges from competitors. The government will propose proactive strategies to assist them.
