Taiwan to assist companies relocating from China following Trump tariffs
Thursday, 7 November 2024 Taiwan plans to help its companies move production out of China amid concerns over potential US tariffs. The move comes after US president-elect Donald Trump threatened tariffs on Chinese goods, which could significantly impact Taiwanese firms operating in China. Taiwan's government will assist companies in relocating to other locations, including the United States, as part of a contingency plan.
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Beijing says that increased tariffs on China threatened by US President-elect Donald Trump due to its alleged role in fuelling the US fentanyl crisis "will not solve the United States' own problems."