GTAP Resources: Resource Display
| GTAP Resource #5818 |
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"An Economy-wide Impact Assessment of US-China Trade Friction on Taiwan’s Semiconductor Industry " by Chu, Yu-Hsien, Sheng-Ming Hsu, Ching-Cheng Chang and Shih-Hsun Hsu Abstract This study uses Taiwan computable general equilibrium model and data set to analyze the potential impacts of US-China trade friction on Taiwan’s semiconductor industry. More than 90% of Taiwan export are produced in China, and the required raw materials, intermediate goods or components are 22.8% supplied by Taiwan. When the United States and China increase 10% tariff each other on the value of US$50 billion, Taiwan GDP will reduce 0.0033%, and the impact is around 0.006% on increasing 25% tariff. With US-China trade friction and global trade protectionism rising, some strategies may be important for Taiwan’s semiconductor industry: (1) how to reduce the risk of excessive concentration of supply chain or transfer the business allocation to reduce tariff impact, and diversify international markets. (2) deepening the integration of industrial supply chains between Taiwan and the United States: transforming into the value chain system of the United States, and increasing the innovation link between Taiwan and the United States. (3) optimizing the domestic investment environment and laws and regulations to develop the basic research strength, innovative scientific and technological talents. |
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- Domestic policy analysis - Multilateral trade negotiations - Asia (East) |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
