China's Tariff Revocation Adds Pressure on Taiwan Ahead of Elections

China has revoked tariff concessions on 12 chemical compound imports from Taiwan, citing a violation of a trade agreement, just weeks before Taiwan's presidential and parliamentary elections. The move is seen as political rather than economic, with Taiwan accusing China of interference in the elections. China's increased military activity in the Taiwan Strait this year has further strained relations. The timing of the tariff revocation coincides with Taiwanese companies diversifying their presence in mainland China, reducing their reliance on the Chinese market.