Taiwan's economy ministry has said it will offer consultation and support services for Taiwanese businesses based in Mexico. Over 300 Taiwanese companies could be affected by U.S. President Donald Trump's 25% tariffs on Mexican goods if they are implemented.
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00:00Taiwan's economy ministry has promised help for Taiwanese businesses operating in Mexico
00:06that could be impacted by possible U.S. tariffs.
00:10The US president's post-election trade policy changes will continue to affect the global
00:16economic environment. We need to work together to provide better support to Taiwanese businesses
00:22and businesses.
00:25The ministry says it will set up consultation services and relocation support for the more
00:31than 300 Taiwanese companies that operate in Mexico. Those include some of the world's
00:36biggest semiconductor manufacturers, whose exports could be affected if Donald Trump
00:41follows through on his threat of a 25% tax on Mexican goods. But tech leaders are also
00:48anticipating further tariffs that could more directly affect Taiwan.
00:53The U.S. government's next move should be against Taiwan, especially semiconductor
00:58companies. They are forcing Taiwan's supply chains and related supply chains to move to
01:02the U.S. for manufacturing.