Taiwan’s Ministry of Economic Affairs (MOEA) recently proposed a “tariffs first, commodity tax later” approach in response to growing trade pressure from the US, raising concerns in the local automotive sector. Sanyang Motor (SYM), which operates both motorcycle and automobile divisions, responded by calling for a rationalization of tariff structures instead of focusing solely on tax cuts.
SYM chair urges tariff rationalization amid rising pressure from US car price cuts
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Jun