Taiwan trims 2025 GDP growth outlook as Trump tariffs raise concern

Projection now 3.14%, signaling deeper slowdown from last year

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A cargo ship is pictured at a port in Keelung, Taiwan. Taipei's budget directorate said U.S. tariff policy is "affecting global trade momentum and pushing up inflationary pressure, and intensifying economic uncertainties." © Reuters

February 26, 2025 18:40 JST

TAIPEI (Reuters) -- Taiwan's trade-reliant economy is expected to grow at a slower pace in 2025 than previously forecast, with the threat of turbulence from tariffs that may be imposed by the United States, as well as parliament-imposed budget cuts.

Taiwan is a key link in the global technology supply chain for companies such as Apple and Nvidia, and is home to the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC).