With US-China trade war weighing heavily on them, Taiwanese companies in China consider moving out of mainland

Trade War Impacts

The Census Bureau’s data also shows that some countries have benefited from the trade war.

Vietnam’s exports to the US jumped 38% during the first four months of 2019, compared to last year; US imports from Taiwan have increased 22%, 17% from South Korea, and 13% from Bangladesh. US imports from China declined by some 12%.

Taiwan and other Asian experts say that US tariffs have hurt many companies which exported their products from China to the US. Many of these companies are leaving China which is losing valuable capital in an already slowing economy; that is the chief reason why China urgently wants a deal with the US.

While a clearer picture of the exact impact of the US-China trade war on Taiwan’s sea trade will emerge by year end, Taiwan’s ports are expecting a surge in shipments this year. Some of the island’s foreign trade ports are Keelung, Kaohsiung, Hualien, Taichung, Su-ao, etc.