Equal Tariff Rate for Taiwan Set at 20% by U.S. Government, Scholars Warn Cross-Strait Trade Could Become a Key Issue in Tariff Negotiations
06:48
The U.S. government has announced a provisional equal tariff rate of 20% for Taiwan. Scholars have warned that about 30% of Taiwan's exports go to China, and how Taiwan can prove to the U.S. that it is not helping China 'wash the origin' is a key point the government should focus on explaining to the U.S. Otherwise, according to U.S. standards, the tariff for 'washing the origin' would be set at 40%. Assistant Research Fellow Wang Guochen from the China Economic Research Institute of the Institute of Economics, Academia Sinica, pointed out that the U.S. equal tariff is in fact aimed at China's circumvention, i.e., the 'washing the origin' measure.