Business

Trump tariffs live: EU tariffs ‘will definitely happen,’ president says

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Taiwan’s government said it would support companies when they needed to adjust supply chains in response to Trump’s tariffs.

“In 2024, Taiwanese investment projects and exports to Mexico were mainly related to electronics manufacturing services, and the majority of it is destined for the US market,” the economy ministry said on Monday. “[We] will help companies in allocating production lines and planning their investments depending on the situation.”

The ministry said it would organise delegations to this year’s US investment promotion event SelectUSA — as it has done previously. This would “help Taiwanese companies get local government policy support when they set up in the US market, and create a win-win business model for Taiwan-US supply chains”.

Taiwanese contract electronics manufacturers, which dominate global server production, moved after Trump’s election to step up manufacturing in the US. During Trump’s previous term some companies moved parts of the server supply chain from China to Mexico and the US.

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