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Taiwan to help companies relocate to US
following Trump tariffs

Original Article

Posted By: sunset, 2/3/2025 2:56:53 AM

Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China, were light on detail. But they kick in on Tuesday and have jolted markets as investors feared a broader trade war could severely hurt global growth. Shares in Taiwanese tech companies with factories in Mexico fell heavily on Monday, with Foxconn closing down 8.1%, Quanta down 9.8% and Inventec off 6.7%.

Comments:

I know Reuters is not a favorite source, but this headline was too good to resist. Also note, no mention of factory relocations to Canada.

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Reply 1 - Posted by: DVC 2/3/2025 9:57:08 AM (No. 1888104)
And why did these companies build factories in Mexico? Cheaper labor and no tariffs going into the USA due to the very bad NAFTA treaty. NAFTA was a total disaster and means that Mexico AND Canada have been taking advantage of us for decades. Ross Perot was right.
22 people like this.

Reply 2 - Posted by: petrichor 2/4/2025 6:11:25 AM (No. 1888791)
Let all of the Taiwan factories migrate to the U.S. In fact, why not move Taiwan to the U.S.? Let Taipai replace San Fransisco. They could certainly clean that city up.
10 people like this.

Reply 3 - Posted by: planetgeo 2/4/2025 8:23:50 AM (No. 1888910)
Just make Taiwan our 53rd state (after Greenland and Canada). No way China would attack them then. Just kidding. Maybe.
8 people like this.

Reply 4 - Posted by: Zigrid 2/4/2025 10:20:23 AM (No. 1889000)
President Trump is having great success making the world leader re-evaluate their business game plan...it's a lot of fun to watch...especially the impromptu news converenences from the Oval Office....PRESIDENT TRUMP IS IN CONTROL AND THE FAKE NEWS DOESN'T KNOW WHAT TO DO ABOUT IT...THE BIG BOSSES AT THE ALPHABET NEWS STATIONS...hardly have time between breaking news to mold a negative narrative...but I'm sure Whoopi will have a reply....
6 people like this.

Reply 5 - Posted by: danu 2/5/2025 12:59:32 AM (No. 1889550)
why not -3-? genius obozo asserted we;d still have 4 more states -and stars-to go
0 people like this.

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