2025
09 / 17
【ETtoday Finance Interview】 U.S. Reciprocal Tariffs Take Effect – Taiwan’s MIT Plastics Industry Finds New Opportunities Amid Challenges
Taiwan’s plastic products exported to the U.S. are currently subject to a temporary reciprocal tariff averaging 24.6%, lower than China’s 59.6%, Canada’s 38.3%, and Mexico’s 25%. As the U.S. market undergoes restructuring, Taiwan’s plastics industry is expected to seize new growth opportunities.
While the new U.S. tariff policy poses significant challenges to domestic industries—including plastics, machine tools, agriculture, fisheries, and orchids—the relatively lower tariffs on Taiwan-made plastic products compared to other key competitors present a chance for local manufacturers to expand their U.S. market presence. Experts suggest that this is the right time for the industry to showcase the high quality and cost-effectiveness of "Made in Taiwan" products.
The Taiwanese government has pledged NT$93 billion to support industrial transformation and upgrading. In line with this effort, Living Fountain is actively advancing carbon reduction and smart transformation initiatives. At the same time, the company’s chairman has called on the government to extend policy support that enables MIT products to participate in public procurement projects—ensuring not only quality assurance but also helping businesses reduce carbon fee burdens.
Despite the pressures of the tariff war, closer collaboration between government and industry will be key to overcoming challenges and creating new opportunities for Taiwan’s plastics sector.
We sincerely appreciate the interview opportunity provided by ETtoday Finance.