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.
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.