Taipei: The lead stories in major Taiwan dailies on Monday highlight impending economic shifts and political tensions.
According to Focus Taiwan, the United Daily News reports that the U.S. Secretary of Commerce has announced that tariffs on semiconductors and other electronic products may be imposed within a month. This development is expected to have significant implications for Taiwan's semiconductor industry, a crucial sector for the island's economy.
The China Times adds that the U.S. is set to officially announce these semiconductor tariffs under Section 232 today. This section allows the U.S. to adjust imports if they are found to threaten national security, indicating a strategic move by the U.S. government in response to global supply chain dynamics.
Meanwhile, the Liberty Times covers domestic political tensions, as Lin Yu-chang criticizes Fu Kun-chi, labeling him a top pro-Beijing figure and calling for his recall. This highlights the ongoing political discourse surrounding Taiwan's relationship with mainland China.
Economic indicators are also in focus, as reported by the Economic Daily News. The publication notes that four indicators suggest a bullish turn for Taiwan stocks, potentially providing a counterbalance to the challenges posed by the U.S. tariffs.
Furthermore, the Commercial Times reports that Apple-concept stocks are expected to drive the Taiex close to 20,000 points, reflecting investor optimism in specific sectors despite broader economic uncertainties.
Lastly, the Taipei Times covers a different aspect of trade, with Cho vowing to crack down on origin fraud, a move that underscores the importance of maintaining integrity in Taiwan's export industries.