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SPEC Products to Be Listed Over the Counter at Taipei Exchange This March
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2025-03-17
SPEC President Zephyr Chang stated, as a result of President Donald Trump's decision to impose a worldwide 25% tariff on steel and aluminum imports, as well as "reciprocal tariffs," with no exemptions for any country, SPEC Products is relatively more competitive. Analysts predict that SPEC Products' revenue this year will reach a new high, with double-digit growth.
The primary beneficiaries of this tariff policy are domestic U.S. manufacturers of screws and bolts. Since the fastener industry is labor-intensive and technologically demanding, many U.S. fastener factories have gradually exited the market over the past 30 years, resulting in about 70% of U.S. demand relying on imports. Under the new tariff, companies worldwide face the same competitive conditions, to which SPEC Products is not concerned. Regarding Trump's newly proposed "reciprocal tariffs," the company believes that since automotive fasteners account for 90% of SPEC Products' exports, and since the U.S. plans to impose higher tariffs on European cars starting in April, customer purchases may increase, benefiting SPEC Products.
The company analyzed that Taiwan imposes a 5% tariff on screws imported from other countries, while the U.S. imposes tariffs ranging from 6.5% to 8% on screws imported from Taiwan. If reciprocal tariffs are implemented, Trump could reduce the tariff on screw imports to match Taiwan's 5% rate, which could actually improve export conditions for Taiwan's fastener industry. In terms of market strategy, the company has already diversified its risks and is not worried.
友鋮
掛牌上櫃
川普加稅
對等關稅
螺絲
螺帽
扣件
車用
SPEC Products
OTC
Trump's tax hike
reciprocal tariff
screw
nut
fastener
automotive
德國杜塞道夫線材展
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
緊固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
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2025-03-14
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