In Taiwan, pressure builds over US deal as critics question true cost of US tariff cut

Source: China – South China Morning PostTaiwan’s opposition parties are stepping up criticism of the island’s government over a controversial economic deal with the United States, warning that what officials portray as a tariff win could carry heavy long-term costs for the island’s economy and industrial base.
The backlash against how the government plans to implement the deal comes as the cabinet on Tuesday released further details of the agreement, which allows Taiwan to secure a 15 per cent reciprocal tariff rate.
The rate is down…Read More

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