TAIPEI, TAIWAN – Taiwan is extending tariff and business-tax relief on several imported agricultural commodities through March 31, 2027, helping reduce costs for grain, oilseed and beef imports. USDA’s Foreign Agricultural Service says the measures cover soybeans, wheat, corn and selected livestock products.
The extension keeps Taiwan’s 5% business tax fully waived on soybeans, wheat and corn. Wheat also retains a full import-tariff waiver, dropping the rate from 6.5% to zero.
Beef tariffs remain cut in half, falling from NT$10 per kilogram to NT$5. Taiwan also maintains 50% tariff reductions on butter, anhydrous milk fat and milk powder used for baking.
The government says the relief is intended to limit the impact of higher international commodity and energy costs. Brent crude reached $130.54 per barrel on September 15, more than 80% above late-February levels.
Taiwan relies heavily on imported feed grains, wheat and beef, making the extension important for exporters serving that market. Officials say they will continue monitoring global prices and adjust stabilization measures as needed.
Farm-Level Takeaway: Extended tax and tariff relief should help preserve Taiwan’s demand for imported U.S. grains, oilseeds and beef.