Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs were announced last week, with Taiwan’s president taking to X to pledge a “golden age” of shared prosperity with the U.S.
At least … Trump identified Taiwan as a country.
Did he? Cool.
If you look at the board he used for tariffs, he list Taiwan under country.
This is like tax residency. Even if you are just on a visitor visa, if you stay for longer than six months, you have to pay taxes after your income, no matter the source, to the federal government.
Taiwan is a tariff country.
The country, Taiwan is not paying anything to US for the exports, US tariffs are paid for by Americans, It is basically a fancy discriminatory (by country and goods) GST/VAT tax.