Trump Tariffs Cause International and Domestic Fears for Taiwan's Farmers

TaiwanPlus News

The new U.S. tariff of 32% on Taiwan's exports are causing concern for the agricultural sector. Fish farmers worry about losing out to international rivals, while those who mainly sell to domestic markets, like pork farmers, fear the government's response of lowering trade barriers could cause them to lose local business.

Transcript

00:01Fish farmers here in southern Taiwan are having a hard time.

00:05What was projected to be a year of growing sales

00:08now looks to be a year of steep competition.

00:11Newly imposed U.S. tariffs of 32% on Taiwanese exports

00:15have industry insiders worried.

00:18They say Taiwan may not be able to compete with countries with lower tariffs.

00:23The agriculture ministry estimates that the tariffs will most affect exports of orchids, edamame and tea,

00:39as well as fish like sea bass and mahi-mahi.

00:42Up to 80% of these fish are exported, leaving farmers worried.

00:47The government is in talks with the U.S. over the tariffs.

01:03But some farmers are concerned that the government's zero-tariff approach

01:07may backfire on their markets for industries like domestic pork.

01:11If imported meat becomes cheaper, local farmers may suffer.

01:15The agriculture ministry is considering solutions like financial assistance

01:31and creating new markets to help farmers navigate these uncertainties.

01:35The government is being forced to walk a fine line as it looks for solutions,

01:52balancing lowering trade barriers with its desire to smooth ties with the U.S.,

01:57all while protecting domestic industries and the people whose livelihoods depend on them.

02:02Ryan Wu and Tiffany Wong for Taiwan Plus.

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