Shopee Canada Impact and Response Analysis

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1. Background

The US government announced a 20% tariff increase on some Taiwanese products (such as semiconductors, electronic components, and machinery), citing the need to "balance the trade deficit" and "protect American manufacturing."

This policy follows the Trump administration's recent tariff increases on several countries, including Switzerland, Canada, and India, and is seen as further pressure on the global supply chain.

2. Taiwan's Ministry of Economic Affairs and Businesses Urgently Discuss Countermeasures

Minister of Economic Affairs Kuo Chih-hui convened a meeting with representatives from the semiconductor, electronics, and machinery industries to discuss countermeasures, including:

Market Diversification: Accelerate expansion into markets such as Southeast Asia and Europe to reduce dependence on the US.

Supply Chain Adjustment: Encourage Taiwanese companies to increase production capacity in regions near the US/Europe, such as Mexico and Eastern Europe.

Technological Upgrade: Promote exports of high-value-added products to mitigate the impact of tariffs.

Major manufacturers such as TSMC and Foxconn have stated that they will assess the impact but emphasized that they will not abandon the US market due to tariffs.

3. Taiwan's Official Response

The Ministry of Economic Affairs denied rumors of a "400 billion US dollar investment pledge" to the US, but stated it would assist businesses in coping with the impact.

National Security agencies analyzed that the US move may be a bargaining chip, and tariffs may be adjusted through bilateral negotiations.

4. Mainland China's Response

China's Ministry of Commerce criticized the US for "violating WTO rules" and stated it would support Taiwanese companies in expanding into the mainland market and reduce the impact of tariffs.

The Taiwan Affairs Office of the State Council called on both sides of the Taiwan Strait to strengthen economic and trade cooperation and jointly respond to external pressure.

5. Subsequent Impact

Short-term: Taiwan's exports to the US may decline, squeezing the profits of some companies.

Long-term: Accelerated restructuring of the global supply chain may lead Taiwanese companies to increase investment in Southeast Asia, Mexico, and other regions.

For further details, please follow official statements from Taiwan's Ministry of Economic Affairs or the Office of the United States Trade Representative (USTR).