USTR: 20% Taiwan Tariff Don Lock In, No Negotiation
U.S. Trade Representative Jamieson Greer confim say President Trump dem reciprocal tariff plan, wey go start August 7, dey set fixed 20% tariff for Taiwan goods. Dis plan don lock and e no go reduce unless Taiwan give big concessions. Other countries get different rate dem: North America, Brazil and India get above 25%; Japan and South Korea get below 19%. Dis new Taiwan tariffs dey put more cost pressure on export industries like electronics, machinery, and bicycle dem, e pressure profit margin and e dey weigh down GDP growth. Taipei talk say dis duty na temporary one and dem dey try do bilateral talks but details never show. To respond, companies dey accelerate supply chain restructuring by diversifying manufacturing to Southeast Asia and Mexico, increase non-U.S market exposure and upgrade from OEM to branded products, R&D and high-value parts dem. The ongoing U.S Section 232 semiconductor probe go also affect chip export conditions. The surety of Taiwan tariffs dey increase global trade wahala and e show say make we get Agile risk management and value-chain upgrade to keep competitiveness for long term.
Bearish
Di confirmation say fixed 20% tariffs for Taiwan don tighten U.S.–Asia trade tensions and e don raise economic wahala globally. Just like di 2018 U.S.–China trade war, di increased tariff pressure fit make people fear risk and market go shake. For short term, cryptocurrencies fit face wahala cos investors dey run comot from risk assets. Over long time, inflation wahala and supply-chain change fit make demand for digital assets strong for protection, but short-term feeling fit be bearish.