Taiwanese manufacturers have been told to halt their U.S. deliveries by "nervous" customers. Key people in Taiwan's plumbing and hardware sector have spoken out about a now-unprofitable trade relationship as a result of Trump's 32% tariff.
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00:00And Trump's hefty tariffs have rocked more than just the stock market here.
00:04Local manufacturers are already being told by their U.S. customers to suspend deliveries.
00:09Of course, customers are very nervous now, so it's impossible for them to pay the tariffs
00:19themselves.
00:20Taiwanese manufacturers of plumbing and hardware products say the new 32 percent tariffs have
00:29made it unprofitable for their U.S. customers to keep buying from them.
00:34The U.S. has long been a major market, with the industry here exporting around 6 billion
00:39U.S. dollars worth of goods there every year.
00:41That's roughly 10 percent of the total domestic output.
00:44Local industry groups are calling the situation a disaster.