Trump's trade policies, particularly the tariffs on steel imports from Mexico, Canada, and especially China, are expected to bring both opportunities and risks to Taiwan's steel industry.
Rising costs for North American steel may lead to shifts in supply chains and potentially more orders for Taiwanese producers. However, experts caution that challenges may arise.
With US imposing an additional 10% tariff on China, its steel exports could be redirected to other markets, intensifying price competition. If China's economy remains slow in 2025, surplus steel exports could destabilize global prices, creating risks for Taiwanese suppliers.
While Taiwanese steelmakers see potential benefits from Trump's tariffs, they are taking a cautious stance.
Comments
No comment yet.