07/11/2024 05:02
The Guardian
Trump says he will choose personnel who will make life ‘affordable, safe, and secure’ as Harris says, ‘this is not a time to throw up our hands’US election results 2024: live map and trackerSenate and House results 2024: live maps and trackerShare your reactions to Donald Trump’s seismic victoryTaiwan will help companies relocate production from China given the likely large impact on them from tariffs incoming US President Donald Trump has promised to impose on the country, Economy Minister Kuo Jyh-huei said on Thursday.A threat by Trump, who will take office in January, to impose 60% tariffs on US imports of Chinese goods poses major growth risks for the world’s second-largest economy. Taiwanese companies have invested billions of dollars in China over the past four decades, taking advantage of historically lower costs, but Taiwan’s government, wary of stepped up pressure from Beijing to accept Chinese sovereignty claims, has been encouraging its firms to move investment elsewhere. Speaking in parliament, Kuo said the impact of any Trump tariffs on China for Taiwanese firms manufacturing there would be “quite large”, Reuters reports. “We will as soon as possible come up with help for Taiwan companies to move their production bases,” he added, without giving details. Continue reading...
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