Taiwan seeks better tariff deal after US Section 232 investigations
After four rounds of in-person negotiations and multiple video conferences, Taiwan’s provisional tariff rate has been set at 20%.
Since early 2025, Taiwan’s real estate and auto markets have been sluggish, with car sales in a prolonged downturn. Though the government once set ambitious electric vehicle (EV) adoption targets under its 2050 net-zero carbon roadmap—including EVs accounting for 10% of all new car sales and 20% of motorcycles by 2025—those goals have since been quietly softened. As of 2024, Taiwan has fallen significantly short: EVs represented just 8.3% of new car sales and electric scooters 10.5%.
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