Economy – Page 2 – Taiwan Insight

The Expansion of Taiwanese Firms and the US-China Trade War: The Subcontractors’ Dilemma in Global Supply Chain Competition

9 April 2025 Yu-Chen

Written by Lin, Thung-Hong. This article introduces the 2023 IJTS Open Access Award-winning paper, “Subcontractors’ Dilemma: The Expansion of Taiwanese Firms 2002–2015”, and discusses a follow-up study examining how China’s autocratisation under Xi Jinping has impacted Taiwanese firms operating in China through 2022. Together, these studies provide a comprehensive view of the challenges Taiwanese businesses face amid globalisation and shifting geopolitics, offering crucial insights into corporate strategies and government policies.

Taiwan’s Investment Relocation in Response to the New Dynamism of Geopolitical Uncertainties

5 February 2025 Adrian Chiu

Written by Min-hua Chiang. This article examines the trend of Taiwan’s Outward Foreign Direct Investment (OFDI) amidst the geopolitical uncertainties. The declining reliance on China for manufacturing and the increasingly diversified economic links are expected to help Taiwan connect more closely with America and the rest of the world.

Trump’s return to power and the potential impact on Taiwan’s economy

2 December 2024 Adrian Chiu

Written by Min-Hua Chiang. This article explores the potential impact of higher tariffs under the second Trump administration on Taiwan’s export-oriented economy. It argues that Taiwan’s manufacturing industry remains resilient with its history of coping with changing geopolitical relations. It could even encourage Taiwan’s companies to invest overseas.

Taiwan’s Trade Dynamics in 2023: Challenges and Partners Shifting

14 February 2024 Yu-Chen

Written by Yun-Chieh Wang. In 2023, Taiwan’s international trade experienced a decline in growth because of global economic challenges, with a notable dependency on semiconductor exports. Despite this downturn, Taiwan’s trade gap widened positively, attributed to the reshoring of Taiwanese enterprises, and increasing foreign investment. Meanwhile, the Taiwanese government is actively diversifying its trade partners, reducing its reliance on China and forging ties with the U.S. and U.K. through trade agreements.

What Does Taiwan’s Presidential Election Outcome Tell Us About Its Economic Prospects?

19 January 2024 Chee-Hann Wu

Written by Min-Hua Chiang. William Lai (Lai Ching-te) of the Democratic Progressive Party (DPP) secured his election as Taiwan’s 16th president on January 13, 2024. As the DPP extends its rule for another four years, the administration is likely to maintain President Tsai Ing-wen’s economic policies, notably diversifying the economy away from China. Navigating Taiwan’s export-oriented economy through the evolving US-China relationship will pose the most significant challenge for the new administration.

US-Taiwan Trade Agreement: It is More of Politics than Economic

27 October 2023 Adrian Chiu

Written by Raian Hossain. Taiwan has severe military security concerns, and the island has over-trade and investment dependency towards the PRC, which raises the question of economic security. As of 2022, the PRC accounted for 25% of Taiwan’s exports and 20% of its imports, making Beijing still the largest trading partner of Taipei. However, Taiwan made significant progress in growing trade by 25% with the U.S. in 2021 and expanded its trade volume with New South Bound countries under President Tsai Ing-wen. After a year of negotiations aimed at diversifying trade and commerce, the U.S. and Taiwan signed the first part of the US-Taiwan Initiative on 21st Century Trade. Meanwhile, the second round of negotiations has already started.

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