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Taiwan caught in the trade war crossfire: What’s next for its global supply chain?

US President Donald Trump has unleashed a new wave of tariffs that’s sending shockwaves through global supply chains. As a result, Taiwanese businesses have been caught squarely in the crossfire as they navigate increasingly complex US- Sino trade relationships. The new administration implemented a 25% tariff on imports from Canada and Mexico, fulfilling the incumbent President’s threats. This move expands the protectionist trade agenda that already includes a 10% additional duty on Chinese goods and renewed tariffs on steel and aluminum imports.