TAIPEI – In a bid to aid Taiwan’s struggling automotive industry, the government is evaluating a temporary cut in the tariffs levied on some key auto components. The Ministry of Economic Affairs (MOEA) and Ministry of Finance (MOF) have agreed on a plan that would slash duties on 15 auto-parts categories, including ignition components for diesel engines over 3.0L, shock-absorbers and exhaust systems. Current tariff rates for parts affected by the decision range from 15% to 25%. The ...
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