If trump takes this decision, trouble for China..!?

There are reports that tariffs on Chinese goods may be increased as US President donald trump is re-elected. In this case, it is said that Taiwanese companies that are operating in china have now decided to relocate their factories to other countries. Taiwan's Ministry of Commerce has announced that the government will provide all necessary assistance to Taiwanese companies that want to relocate their manufacturing plants located in china to other countries. It has been reported that there is a possibility of increasing the import duty on Chinese goods up to 60% with the assumption of office of trump as the US President. Even during his election campaign, donald trump kept this promise. He had said then that any product made in china would have to pay up to 60% import tax if it were to enter the US soil.
It is in this situation that the Taiwanese government has said that they will provide all the necessary assistance to companies from their country operating in china if they want to relocate to other countries. Over the past 40 years, most Taiwanese companies have set up their manufacturing plants in China. In 2019, the trade war between china and the united states flared up after donald trump took office as the US president. donald trump introduced maximum tariffs on Chinese goods. As a result, imports from china to the united states were subject to higher tariffs. Due to this, most of the companies left china and set up their manufacturing plants in countries including India. Now that such an environment has arisen again, it is said that Taiwanese companies are likely to invade countries like India. If that happens, most of the companies will set up factories in india, especially in tamil Nadu. So Trump's decision will be positive for tamil Nadu. Because most of the Taiwanese companies that can operate in india have set up their plants in tamil Nadu. Companies including Foxconn, which are involved in the production of electronic equipment and footwear, are operating their factories largely in tamil Nadu.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

09/11/2024 11:39 AM