By Chen Cheng-hui / Staff reporterA predicted sharp rise in Chinese imports of US goods as part of a “phase one” trade deal signed by the nations last week would squeeze other trade partners, but should have a limited impact on Taiwan, DBS Bank Ltd (星展銀行) said on Friday. Taiwan has been a major beneficiary of the US-China trade dispute and reaped the rewards of order transfers since the tit-for-tat tariffs began in July 2018. However, China’s pledge to purchase US$200 billion of US goods and services over the next two years has raised concerns that demand for Taiwanese goods could fall. “Taiwanese financial institutions operating in the Chinese market currently focus on providing corporate banking services for the Taiwanese firms based there,” Ma said. It would also adversely impact Taiwanese firms in the supply chains of networking, handset, semiconductor and printed circuit board (PCB) sectors, Yuanta analysts said in a report.
