Taiwanese beer and steel makers are petitioning for tariffs on their Chinese competitors' products, alleging unfair trade practices. The economy ministry will take a couple months to determine whether to slap anti-dumping levies on these products.
Category
🗞
NewsTranscript
00:00These clinking glass bottles will soon be filled with fresh Taiwan beer, the go-to for
00:04many of Taiwan's drinkers.
00:07From big-name brands like Taiwan beer to artisanal craft brews, Taiwan's beer scene has something
00:11for every taste.
00:13But times are hard in beer land.
00:15The Taiwan Brewers Association says the market share for domestically brewed beer has fallen
00:20from 65% in 2018 to just under 48% last year.
00:25Some in the industry blame competition from Chinese brewers, and they want anti-dumping
00:30tariffs.
00:31We are used to use trade-offs, trade-offs, trade-offs, and trade-offs.
00:38All of the people are affected by the damage, because the product of the product is reduced.
00:47The government is considering duties of nearly 60% on beer imported from China.
00:51The Economy Ministry plans to spend a little over two months looking at the merits of
00:55anti-dumping protections.
00:58But it's not just brewers asking for tariffs on China.
01:01Taiwan's steelmakers, too, want help.
01:03They say their Chinese competitors are overproducing and then dumping certain hot-rolled flat steel
01:08products—products Taiwan imports hundreds of thousands of tons of each year.
01:14China's market share grew almost 300-fold between the second half of 2023 and the first
01:18half of 2024.
01:21In year two, the government has opened a 70-day window to look at the request for a tariff.
01:26It's considering duties of close to 24%, not as high as those on beer, but still hefty.
01:32In the next month, we'll offer our tax cuts for tax cuts for tax cuts for the tax cuts for
01:34tax cuts for tax cuts for tax cuts.
01:39And the results of these two things need to be added to the tax cuts for tax cuts for tax cuts.
01:40Though some observers urge caution, stressing the chance of Chinese retaliation, others see
01:45cause for concern about Chinese dumping in Taiwan in the future.
01:49Taiwan's producers hope the Finance Ministry, which has the final word on the matter, will
02:03take their side and, as they see it, give their industries a respite in tough times.
02:09Justin Wu and John Van Trieste for Taiwan Plus.