Economic Strain, Political Divisions, and Uncertain Future

A 20% US tariff on Taiwan has sparked debate. The rate, higher than those on Japan and South Korea, led to concerns about the stock market and competitiveness. The tariff, effective August 7th, was described as "squeezing Taiwan like a lemon."

Public sentiment included sarcasm and worry. The chairman of the Chinese Kuomintang Party called it a "serious setback." The Taiwan leader plans to negotiate a lower rate, but sectors like machine tools may be severely affected.

The Labor Party criticized the US policy as unilateral and harmful to Taiwan's economy. They accused the authorities of making concessions without public input. The 20% tariff is a blow to the current administration, which is seen as failing to defend Taiwan's interests.

The US also increased tariffs on other trading partners. This move is seen as a challenge, potentially disrupting supply chains. China opposes the use of tariffs, stating that trade wars have no winners.