Business

Taiwan's top financial regulator has announced temporary stock market measures, including tightened limits on short selling, in a bid to maintain stability amid chaos on world markets driven by sweeping U.S. tariffs.

Hon Hai Precision Industry Co. generated NT$552.1 billion (US$16.63 billion) in consolidated sales in March, the highest ever recorded for the month, according to the Taiwan-based manufacturing giant.

U.S. President Donald Trump's plan to impose tariffs on imported semiconductors and pharmaceuticals has raised concerns in Taiwan's drug sector, industry insiders said on Saturday.

With the Trump administration using tariffs in part to encourage Taiwanese manufacturers to invest massively in the United States, the Directorate General of Budget, Accounting and Statistics (DGBAS) said on Saturday such fund flight would not cause the industrial hollowing out of Taiwan.

Taiwanese textile and furniture companies that have large production bases in Southeast Asia have expressed concerns about their ability to navigate the risks caused by the latest round tariffs imposed by the United States on countries worldwide.

Taiwan's National Development Council (NDC) said Friday it will roll out support measures to help local businesses adapt to rising U.S. tariffs, as many Taiwanese firms in Southeast Asia face higher reciprocal duties than in Taiwan and are considering moving production back home.

Premier Cho Jung-tai (卓榮泰) on Friday said people in Taiwan should be ready to brace for turbulence brought by U.S. President Donald Trump's "Liberation Day" tariff when the local stock market reopens on Monday.

Sectors whose exports are largely destined for the United States -- including ICT end-products and machine tools -- are likely to be hit hard once U.S. President Donald Trump's new tariffs on Taiwanese goods take effect, industry groups in Taiwan warned Thursday.

The Taiwanese government needs to review its existing import duties on U.S. goods and practices to seek to remove the trade barriers that led to the high reciprocal tariff U.S. President Donald Trump slapped on the country, economists said.

Taiwanese auto part suppliers are considering the possibility of rolling out products in the United States after U.S. President Donald Trump slapped a 25 percent tariff on foreign-made auto parts overnight, but remain concerned about their bottom line given the unavoidable increase in operating costs.