Taiwan’s auto industry is bracing for the possibility of the Taiwanese government reducing tariffs and commodity taxes for car imports as part of its bid to ease pressure from the US reciprocal tariffs, a move that could doom the entire local automotive supply chain.

Hanmi Semiconductor has reportedly informed SK Hynix of a planned price increase for its thermal compression bonding (TCB) equipment, marking the first price hike since the South Korean equipment maker began supplying the TCB product in 2017.

The past week has seen a series of twists and turns in US reciprocal tariff rates, with the latest announcement on the US Customs and Border Protection’s Cargo Systems Messaging Service (CSMS) listing exemptions for 20 HTS product categories, including notebooks, smartphones, tablets, and processors. Market watchers are paying close attention to forthcoming new tariff rates for semiconductors and pharmaceuticals, and perhaps more importantly, how the US’s trade war on China will develop.