Trump's Tariffs: Does China Benefit From America's Trade Wars?

Analysts Weigh in on the Unintended Consequences of Trade Disputes in Taiwan.

The implementation of tariffs by former U.S. President Trump on numerous countries, aimed at reshaping global trade to benefit American workers, might inadvertently favor a key adversary: China. This is a look at the effects of such trade wars in Taiwan.

According to Agence France-Presse, China, the largest economy in Asia, swiftly responded by imposing tariffs of 34% on U.S. goods, mirroring the American actions. Furthermore, China implemented export controls on rare earth elements, vital for consumer electronics and medical technologies. The current situation is a cause for concern for businesses in Taiwan, which rely on global supply chains. These trade wars could create unintended negative effects on the economic situation in Taiwan.