Auto parts firms face lower US tariffs - Taipei Times

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The tax cuts would put Taiwan on an equal footing with Japan, South Korea and the EU, while widening its advantages over China, Kung Ming-hsin said

By Meryl Kao / Staff reporter

Taiwan’s auto parts manufacturers are to benefit from the US’ preferential tariff treatment for non-semiconductor goods, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday.Kung’s comments came after the Executive Yuan said in a statement late on Wednesday that the US government is expected to formally announce soon the preferential Section 232 tariff treatment for Taiwan’s non-semiconductor products.Under the arrangement, tariffs would be capped at no more than 15 percent on imports of auto parts, logs, lumber and wood derivative products, while steel, aluminum and copper derivative products used in aircraft components would not be exempted from Section 232 tariffs.

Minister of Economic Affairs Kung Ming-hsin attends a forum in Taipei on April 9.