Taiwan Exports to Stay Resilient Despite Trump Tariffs: HSBC

Taiwan’s exports will likely prove resilient despite the trade policies of the Trump administration due to demand for AI and other high-level computing applications, HSBC economist Jin Choi writes in a report.

• Choi adds that “we remain relatively constructive regarding Taiwan’s competitiveness in legacy chips and broader parts of electronics as well”
• HSBC estimates Taiwan’s 2025 GDP will grow 2.8%, compared to 4.3% last year
• Separately, DBS economist Ma Tieying wrote in a note that “universal tariff hikes on all US imports may have limited impact on the relative price competitiveness of Taiwanese products”; adds that “Trump may also pressure ...