Rolling coverage of the latest economic and financial news
Taiwan will help companies relocate production from China to avoid the threat of tariffs imposed by Donald Trump next year, its economy minister Kuo Jyh-huei said today.
Speaking in parliament, Kuo said the impact of any Trump tariffs on China for Taiwanese firms manufacturing there would be “quite large”, Reuters reports.
“We will as soon as possible come up with help for Taiwan companies to move their production bases.”
The zigzagging of German industrial data suggests that German industry has not yet entered a period of full bottoming out. In fact, industrial production in the third quarter was still some 2% down compared with the second quarter.
Continue reading…Rolling coverage of the latest economic and financial newsWall Street and bitcoin soar to record highs as Trump wins US electionTaiwan will help companies relocate production from China to avoid the threat of tariffs imposed by Donald Trump next year, its economy minister Kuo Jyh-huei said today.Speaking in parliament, Kuo said the impact of any Trump tariffs on China for Taiwanese firms manufacturing there would be “quite large”, Reuters reports.“We will as soon as possible come up with help for Taiwan companies to move their production bases.”The zigzagging of German industrial data suggests that German industry has not yet entered a period of full bottoming out. In fact, industrial production in the third quarter was still some 2% down compared with the second quarter. Continue reading…
