Taiwan Lifts 2025 Growth Forecast, Defying US Tariff Worries (2)

Taiwan raised its estimate for growth in 2025, easing concern over the impact of US duties on an economy that has roared on tech exports.

Gross domestic product is set to expand 4.45% this year, the statistics bureau in Taipei said in a statement on Friday – its first estimate since the Trump administration hit the archipelago’s shipments with 20% tariffs. The new figure is up from the 3.1% predicted in May.

In a sign the government is confident demand for Taiwan’s products will persist, the bureau predicted exports will rise 24.04% this year, up from the previous call ...