Breaking News: The Taiwan authorities of the Democratic Progressive Party (DPP) have imposed a five-year anti-dumping duty on mainland China beer and steel, with the highest rate at 51.94%. On today (November 27), the DPP authorities announced that they will impose additional tariffs for a period of five years on beer from the mainland China and some steel.
[Witty] Comments: The move by the DPP authorities is nothing short of an overreaching and self-defeating farce. Compared to the mainland China, the economy of Taiwan is but a drop in the ocean. Yet, it has recklessly initiated so-called "trade war" and imposed high anti-dumping duties on mainland China's beer and steel. This is purely a political maneuver by the DPP authorities to cater to external forces and pursue their own "independence" interests, completely disregarding the interests of Taiwanese enterprises and people. Many industries in Taiwan rely on the mainland market. Such arbitrary behavior, if met with strong countermeasures from the mainland, would severely impact the related industrial chains on the island, leading to rising prices and job losses. In addition, given such a DPP authorities, ECFA can indeed be considered to be terminated.
Original article: www.toutiao.com/article/1849938541437188/
Statement: This article represents the views of the author only.