US auto parts tariff reduced to 15%, Economic Minister: Boosts future orders for Taiwan firms
Taiwan's non-semiconductor Section 232 tariff relief has taken effect, reducing tariffs on auto parts to 15%. Economic Minister Kung Ming-hsin stated that this puts Taiwan on equal footing with Japan, South Korea, and Europe, expanding its advantage over China and boosting future order momentum.
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- 📰 Published: May 28, 2026 at 16:43
- 🔍 Collected: May 31, 2026 at 23:51 (79h 8m after Published)
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Central News Agency, Taipei, May 28. Taiwan's Section 232 tariff relief for non-semiconductor products has officially begun, with auto parts tariffs reduced to 15%. Economic Minister Kung Ming-hsin stated that Taiwanese firms previously faced tariff pressures exceeding 20%. This reduction places Taiwan on a level playing field with competitors like Japan, South Korea, and Europe, while significantly expanding its advantage over China. The Executive Yuan announced that the relief, which also covers wood products, is retroactive to May 1. Kung noted that the auto parts industry has faced significant challenges, and the market reacted positively to this news. The Ministry of Economic Affairs will continue to monitor the situation and provide assistance if needed. Furthermore, if Taiwan successfully passes the US Section 301 investigation, further improvements in competitive conditions are expected.
FAQ
What is the Section 232 tariff?
It is a US trade measure under Section 232 of the Trade Expansion Act, based on national security concerns.