U.S. President Trump has wielded the tariff blade of reciprocity, imposing a “20% + N” layered tariff on Taiwan. Combined with the appreciation of the New Taiwan Dollar, this has put pressure on Taiwan’s export-oriented traditional industries. Major machine tool manufacturer Tongtai Machine & Tool Co. has announced it will implement a three-day weekend policy in response to the tariff measures.
According to reports from TVBS and ETtoday News Cloud, Taiwan Tongtai Machine & Tool was founded in 1971, specializing in the research, development, and manufacturing of precision machine tools and PCB drilling machines. The company was officially listed on the over-the-counter market in 2003. In recent years, its applications have also expanded into semiconductors, AI robotics components, and consumables processing. The company was recently ranked 7th in revenue among Taiwan’s top 5,000 enterprises in the metal processing machinery industry.
However, the U.S. tariff policy has severely impacted Taiwan’s industrial supply chain, especially export-oriented machine tool manufacturers, who are on the front line of the crisis. To cope with tariffs, sluggish demand, and the appreciation of the NT dollar, Tongtai Machine & Tool announced that starting August 22, it will implement a weekly Friday off policy, expected to last for three months, with adjustments depending on order conditions.
The company stated that this measure is intended as a way to recharge and prepare for future market recovery. During the adjustment period, Thursday will be the last shipping day of the week, while Friday deliveries will be suspended entirely. Although the “three-day weekend” policy has won praise online for showing care toward employees and increasing loyalty, investors were not impressed — the company’s stock hit the daily limit down today (19th).