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Taiwan to foster the return of companies

"..The Ministry of Economic Affairs (MOEA) outlined administrative efficiency measures to foster the return of Taiwanese businesses as they cope with US-China trade tensions...

US-bound network equipment and medium-to-low-end bicycle components might see the greatest effect from the trade tensions, due to their reliance on China-based manufacturing, the ministry said.

Taiwan-made hand tools, nuts and bolts, guide rails, motors, steel, auto components, power adapters and batteries are expected to gain a competitive advantage, the MOEA said, adding that laptops, smartphones, TV sets and apparel have so far been spared from the tariff hikes."

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