💨 Abstract

Taiwan is implementing strict measures to combat China's mislabeling practices, particularly the use of fake "Made in Taiwan" labels, to avoid high tariffs during negotiations with the US. Minister of Economic Affairs JW Kuo announced fines up to $92,343 for individuals involved in illegal transshipping. The government is focusing on high-risk sectors like the Machine Tool Industry and Fastener industry to prevent origin laundering.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖