The United States’ implementation of trade protectionism has introduced significant uncertainty and risks for export-oriented economies. Chin-Ching Liu, minister of the National Development Council (NDC), recently announced that to enable Taiwan’s small and medium-sized enterprises (SMEs) to scale up their investments in the US and avoid high tariffs, the government will amend laws to offer tax incentives encouraging businesses to form industrial holding companies as a strategic step toward entering the US market.