台湾周四批评美国新关税不合理，此前特朗普总统宣布全面征收进口关税。这些措施包括对台湾商品征收32%的关税，尽管该岛与美国的贸易关系密切，贸易顺差巨大。然而，台湾的主要出口产品半导体被排除在关税之外。“我们认为这些措施是不合理的，我们也担心对全球经济可能产生的影响，”赖总统在与内阁高级成员会面讨论回应后在脸书上表示。他没有提到任何互惠关税的计划。台湾内阁表示，将寻求华盛顿的澄清，并继续对话以解决这一问题。

Taiwan on Thursday criticized the new U.S. tariffs as unreasonable, following President Trump’s announcement of sweeping import duties. The measures include a 32% tariff on Taiwanese goods, despite the island’s close trade ties with the U.S. and its significant trade surplus. However, semiconductors, Taiwan’s key exports, are excluded from the tariffs. “We feel that these measures are unreasonable, and we are also worried about the possible impact on the global economy,” President Lai Ching-te said on Facebook after meeting with senior cabinet members to discuss a response. He did not mention any plans for reciprocal tariffs. Taiwan’s cabinet said it would seek clarification from Washington and continue dialogue to address the issue.

标普全球台湾制造业PMI从2月的51.5大幅降至2025年3月的49.8，这是一年来首次收缩。生产和新订单的增长明显放缓，本月仅略有增长。作为回应，公司继续裁员，并采取了更谨慎的库存管理方法。与此同时，平均投入成本以一年来最慢的速度增长，而公司为了确保销售而降低了销售价格。尽管经济低迷，企业仍对未来的产出持乐观态度，整体信心达到九个月来的最高点。标普全球市场情报公司经济副总监Annabel Fiddes指出，企业“希望更强劲的客户需求和生产率的提高将在未来几个月推动产出更高。”

The S&P Global Taiwan Manufacturing PMI dropped sharply to 49.8 in March 2025 from 51.5 in February, marking the first contraction in a year. Growth in production and new orders slowed significantly, with both increasing only marginally over the month. In response, companies continued to cut staff and adopted a more cautious approach to inventory management. Meanwhile, average input costs rose at their slowest pace in a year, while firms lowered selling prices in an effort to secure sales. Despite the downturn, businesses remained optimistic about future output, with overall confidence reaching a nine-month high. Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, noted that firms are “hopeful that stronger customer demand and productivity gains will drive output higher in the coming months."

台湾消费者信心指数从上月的72.59降至2025年3月的71.86，为2024年4月以来的最低水平。所有子指数的情绪都有所恶化：对价格的预期（2月份为35.26比36.46）、耐用品购买的时间（101.99比102.79）、家庭财务状况（81.94比82.63）、国内经济繁荣（86.8比87.41）、投资股票的时间（49.89比50.48）和就业机会（75.25比75.78）。

Taiwan's consumer confidence index edged down to 71.86 in March 2025 from 72.59 in the previous month, marking the lowest level since April 2024. Sentiment deteriorated for all sub-indices: expectations for prices (35.26 vs 36.46 in February), the timing of durable goods purchases (101.99 vs 102.79), family financial conditions (81.94 vs 82.63), domestic economic prosperity (86.8 vs 87.41), the timing to invest in stocks (49.89 vs 50.48), and employment opportunities (75.25 vs 75.78).

2025年2月，台湾的零售额同比下降3.8%，低于上月5.5%的上修正和上月新高。这标志着自2024年10月以来零售活动首次下降，纺织品和服装（-21.6%对1月份的16.3%）、文化和娱乐用品（-7.3%对20.8%）以及食品、饮料和烟草（-5.1%对11.9%）的销售额大幅下降。与此同时，建筑材料（11%对-12%）和机动车、摩托车及相关零部件和配件（20.6%对-9.2%）的贸易反弹。按月计算，2月份零售额下降了20.2%，而前一时期增长了2.8%。

Retail sales in Taiwan fell by 3.8% year-on-year in February 2025, slipping from an upwardly revised and eleven-month high of 5.5% increase in the previous month. This marked the first decline in retail activity since October 2024, as sales plunged for textiles and clothing (-21.6% vs 16.3% in January), cultural and recreation goods (-7.3% vs 20.8%), and food, beverages, and tobacco (-5.1% vs 11.9%). Meanwhile, trade rebounded for construction materials (11% vs -12%) and motor vehicles, motorcycles and related parts and accessories (20.6% vs -9.2%). On a monthly basis, retail sales dropped by 20.2% in February, following a 2.8% gain in the preceding period.