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AI integration crucial for Taiwan’s industry competitiveness
Taiwan’s tech exports thrive, but traditional sectors face AI challenges, says TAITRA’s Huang. Taiwan-U.S. tariff talks near completion. Safety concerns in Iran persist.
2026/01/15 15:15
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Taiwan machine tool exports plunge as US tariffs bite hard
Taiwan’s machine tool industry faces its worst crisis in 40 years as US reciprocal tariffs devastate exports. Major manufacturers like Takisawa Taiwan implement three-day work weeks while foreign exchange losses crush profits across the sector.
2025/10/14 10:03
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Taichung mayor leads meeting on U.S. tariff impact
Taichung Mayor Lu Shiow-yen and eight central Taiwan mayors met online to address a new 20% U.S. tariff on Taiwan. They proposed 15 solutions to mitigate its impact, focusing on agriculture and export industries.
2025/08/04 11:00
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Pegatron chair warns of currency pressure on exports
Pegatron Chairman T.H. Tung discusses Taiwan’s thriving export economy and its impact on the New Taiwan dollar at a forum. He urges government support for traditional industries facing currency challenges.
2025/07/03 06:00
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Taiwan machinery sector calls for relief as tariffs bite
TAMI urges political parties to engage in rational discourse over a NT$100 billion subsidy for Taipower. The plan aims to stabilize electricity prices amid U.S. tariff uncertainties affecting Taiwan’s machinery industry.
2025/05/13 17:08
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Taiwan dollar rise challenges export industries
The Taipei Computer Association chairman warns that the New Taiwan dollar’s rise challenges Taiwan’s export industries. He urges a shift to high-value sectors.
2025/05/06 19:00
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Taiwan expands job measures amid U.S. tariff impacts
Taiwan’s Ministry of Labor will expand employment stabilization measures to counter U.S. tariff impacts. Industries with U.S. export records may receive wage subsidies.
2025/04/30 14:00
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Taiwan bans preventive layoffs amid US tariff uncertainty
Taiwan’s labor minister, Hung Sun-han, announced plans to support traditional manufacturing industries hit by U.S. tariffs. The government aims to protect over 100,000 workers with NT$15 billion in subsidies, focusing on employment stabilization and aiding recent graduates.
2025/04/23 19:00
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Taiwan to announce industry support measures on April 14
President Trump announced a 90-day tariff suspension, reducing Taiwan’s tariff to 10%. Taiwan’s government plans support measures and strategies to enhance resilience.
2025/04/10 16:10
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Taiwan aims for alliance with U.S. amid supply chain shifts
U.S. President Trump suspends tariffs on 75 countries, excluding China, for 90 days. Taiwan faces a 32% tariff, impacting industries. Taiwan seeks U.S. talks.
2025/04/10 15:17
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Taiwan cities propose tax relief for tariff victims
Taichung Mayor Lu Shiow-yen and New Taipei Mayor Hou Yu-ih discuss the U.S. tariff’s impact on Taiwan’s industries, highlighting potential losses and proposed solutions.
2025/04/08 17:32
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Taiwan minister urges balanced view on ESG focus
Environmental Minister Peng Chi-ming urges a balanced approach to ESG focus, warning against rapid wealth-seeking via carbon credits. He highlights uneven carbon reduction across industries and challenges in meeting 2035 targets due to climate fund uncertainties.
2025/01/10 15:59
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President Tsai promises support for Taiwan’s industry growth
President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.
2024/05/06 17:18
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Taiwan’s exports hit top-three record despite 2023 dip
Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.
2024/02/15 10:49
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Taipower commits to renewable energy trend post-election
Taiwan’s commitment to renewable energy remains strong despite the recent general election results, according to Taipower. The acting chairman emphasized that the development of renewable energy is now a significant trend, no longer dependent on political parties. While Taipower’s total electricity sale in 2023 decreased by 1.6% due to reduced industry consumption, power use in commercial and domestic sectors has increased. The chairman highlighted the importance of green energy for Taiwan’s export-oriented industries and expressed the relentless drive for renewable energy. Regarding potential adjustments or innovative approaches, further evaluation is necessary. In response to questions about nuclear energy, Taipower stated that the new congress would hold discussions on power use and choice, and the company is prepared to provide data and respect any decisions made by the parliament.
2024/01/16 17:21
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KMT’s Hou slams DPP’s ECFA ’poison pill’ claims
Kuomintang (KMT) presidential contender Hou Yu-ih criticizes the ruling Democratic Progressive Party’s (DPP’s) past claims about the Economic Cooperation Framework Agreement (ECFA) and cross-strait communication. He questions the DPP candidate’s analogy of "three links" and direct flights to a "Trojan horse leading to a massacre" and challenges the Agriculture Minister’s role in Chinese approvals for Taiwan’s grouper fish export. Hou argues that unresolved quarantine issues could harm Taiwanese farmers and suggests direct negotiations with China. He also criticizes Lai’s "Taiwan independence" stance, claiming it lacks practical understanding of cross-strait relations. If elected, Hou promises to continue ECFA negotiations to reduce China’s tariffs on Taiwan’s industries. He believes that adhering to the Constitution and the Act Governing Relations between Taiwan and China will maintain peace between the straits.
2023/12/26 16:44
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DPP’s Lai promises High Speed Rail, expressways for Pingtung
Lai Ching-te, the Democratic Progressive Party’s (DPP) Presidential candidate, announced at a rally in Pingtung his plans to construct a Taiwan High-Speed Rail line and two expressways in the area. Lai aims to balance Taiwan’s national development projects and bring more support and assistance to Pingtung, transforming it into a "beautiful new homeland." His promises include extending the high-speed rail to Chaozhou Township, reducing travel time from Taipei to less than two hours. Lai also intends to attract high-tech industries, introduce agricultural technology, and enhance the export competitiveness of local farm produce. Additionally, he plans to uplift tourism service quality in Pingtung, transforming Kenting into a destination similar to Bali and developing Dapeng Bay into a Hawaii-like getaway. Lai emphasized Pingtung’s importance in the implementation of the New Southbound Policy, highlighting its potential contribution to Taiwan’s development in collaboration with other southern counties and cities. He credited his past contributions to Pingtung’s development, such as the Pingtung Veterans General Hospital, to the efforts of former Pingtung County Commissioner Pan Men-an, current commissioner Chou Chun-mi, and legislators. Lai seeks local residents’ support to make Pingtung glorious again.
2023/12/22 11:00
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Taiwan sees first real wage decline in seven years
Taiwan’s average regular earnings for employed workers increased by 2.49% from January to October, reaching NT$45,441. However, this growth is the lowest in the past three years, with total earnings, including bonuses and other irregular income, only up by 1.53%. The average monthly real wage slightly increased by 0.06% to NT$41,370, while the average total real wage decreased by 0.87% to NT$53,960, the first decline in seven years. This decline is attributed to a decrease in year-end bonuses following a cooling economy and a decrease in exports. Despite an overall increase in employment of 10,000 workers compared to last year, the manufacturing industry saw a significant drop of 27,000 employees due to economic adjustments. In October, the average regular wage was NT$45,564, up 0.13% from the previous month and 2.31% year-on-year. Part-time workers’ average hourly regular earnings increased marginally to NT$200, reflecting a 1.01% year-on-year gain. While industries such as arts, entertainment, and leisure services, as well as real estate, experienced wage increases, sectors like computer, electronic, and optical product manufacturing saw significant decreases in total wages by 18.54%. The employment numbers in manufacturing have been impacted by export decline, with an increase of 10,000 employed workers from January to October. The industrial sector saw a decrease of 0.63%, while the service sector grew by 0.67%. Accommodation and food services experienced a growth of 13,000 jobs, arts, entertainment, and leisure services saw an upsurge of 7,000, but manufacturing was hit with a reduction of 27,000 employees.
2023/12/12 10:17
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Gou criticizes talent loss due to poor national strategy
Taiwanese billionaire and independent presidential candidate Terry Gou addressed the talent drain in Taiwan and its impact on the tourism industry. He highlighted how the lack of qualified personnel has affected the competitiveness of the industry, leading to a decline in domestic travel. Gou also linked this talent drain to the fertility crisis in Taiwan and the issue of female employment. He suggested that remote working could help parents balance work and family life, and called on the government to invest in software and hardware developments to support remote job positions. Gou criticized the ruling party, the Democratic Progressive Party, for its failure to propose effective strategies for economic growth and emphasized the need for industrial upgrades to sustain Taiwan’s competitiveness in export-driven industries.
2023/11/08 19:57
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Taiwan’s export numbers decline due to a decrease in demand
Following the pandemic slowdown, Taiwan’s food and hotel industries are experiencing a resurgence in business.
2023/02/14 21:00