Reported 8 months ago
The Ministry of Commerce in Mainland China has canceled 134 items from the ECFA early harvest list that enjoyed zero tariffs, affecting Taiwanese tool machinery and component industries. In response, companies like Eastern United, Yujia Group, Taichung Precision Machinery, Yongjin, Cheng Tai Group, Gaofeng, Longzetech, and Shangyin, who have factories in China, are speeding up their investments. This move is due to the potential market opportunities post-recovery. The impact includes vertical CNC lathes, horizontal CNC lathes, CNC surface grinders, closed-die forging machines, and workholding fixtures and components for metal cutting. Companies are adjusting their production strategies and looking to shift certain products to their factories in China.
Source: YAHOO