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Bilingual text here: https://english.ftvnews.com.tw/news/2... 雙語文字版: https://english.ftvnews.com.tw/news/2... Our official website: ➔ https://english.ftvnews.com.tw/ Follow us on Facebook: ➔ / ftvformosanews X (Twitter): ➔ https://x.com/FTV_Taiwan_News The chair of Amcham Taiwan has warned that if the legislature fails to ratify a deal reached by the US and Taiwan government to lower Taiwan’s tariff to 15%, it would be a “missed chance” for Taiwan to further its economic and technological ties with the US. This comes after US President Donald Trump threatened to raise South Korea’s tariff from 15% to 25%, as the South Korean legislature would not ratify South Korea’s own deal. The good news is that the chamber’s annual Business Climate Survey found that most companies are feeling confident about the Taiwan market despite geopolitical tensions. Let’s find out more. Anita Chen Amcham Taiwan chair It is clear that Taiwan is transitioning from a manufacturing center to a technological frontier. The American Chamber of Commerce in Taiwan released its latest Business Climate Survey. It revealed most businesses have confidence in the Taiwan market, with 92% planning to maintain or increase their Taiwan investments this year. Carl Wegner Amcham Taiwan president Incredible supply chain, the trustworthiness, we’ve seen this in many industries over Taiwan over decades. Although Taiwan is viewed internationally as a geopolitical hotspot, Amcham executives said this was having a limited impact. Anita Chen Amcham Taiwan chair National security ranked as the top perceived risk to business operations, followed closely by cross-strait relations. (They) recognize the risks but are not discouraged by them. Amcham Taiwan is pleased that the US and Taiwan concluded trade talks that saw Taiwan’s tariff reduced to 15%, but the two main opposition parties, the TPP and KMT, argue that they need to scrutinize the new trade agreement strictly. After South Korea’s legislature failed to approve its own US trade deal, US President Donald Trump said he would raise its tariff from 15% to 25%. Amcham Taiwan’s chair Anita Chen said this was a concern. Anita Chen Amcham Taiwan chair We certainly don’t want to see the same situation happen in Taiwan because the agreement is not just about tariffs, it provides a very clear pathway for the US-Taiwan economic corridor, so should that happen in Taiwan, it would be a misstep, it would be a missed chance to build this technology collaboration between the US and Taiwan. AmCham Taiwan hopes that the US-Taiwan tariff issue can be fully settled and is stepping up efforts to advance a double taxation avoidance agreement, which would give foreign companies greater long-term confidence to invest and operate in Taiwan. For more Taiwan news, tune in: Mon to Fri at 9:30 pm on Channel 152 Tue to Sat at 1 am on Channel 53 #AmchamTaiwan #Taiwanbusiness #businessconfidence #台灣新聞 #TaiwanNews #民視新聞 #FTV新聞 #Taiwan