Auto parts firms face lower US tariffs
taipeitimes.com May 29, 2026

Auto parts firms face lower US tariffs

AI-summarised brief · reviewed before publication

Taiwan's auto parts manufacturers will benefit from the US' preferential tariff treatment, with tariffs capped at 15% on imports of auto parts. The new tariffs will take effect retroactively from May 1, helping to boost order momentum for auto parts manufacturers. Tariffs will drop from an average 26.71% to 15%, putting Taiwan on an equal footing with Japan, South Korea, and the EU. This move is a positive development for Taiwanese industries.

💡 Why It Matters

  • · Narrowing the competitive gap with Canada and Mexico will significantly improve Taiwan's position in the US auto parts market.
  • · The reduced tariffs will also widen Taiwan's advantages over China, which faces tariffs of over 50%.