Taiwan's machinery sector, particularly its machine tool makers, is navigating an uneven market recovery and multiple challenges. While the US market shows signs of improvement, China's remains stagnant. Furthermore, the looming threat of China terminating.
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Taiwan's machinery sector navigates ECFA uncertainties, but US market recovery brings hope
Taiwan's machinery sector, particularly its machine tool makers, is navigating an uneven market recovery and multiple challenges. While the US market shows signs of improvement, China's remains stagnant. Furthermore, the looming threat of China terminating the early harvest lists of the Cross-Strait Economic Cooperation Framework Agreement (ECFA), combined with Taiwan's domestic carbon tax and rising electricity prices, is putting additional pressure on the industry.