TAIPEI (Taiwan News) — Power equipment maker Fortune Electric said Wednesday its operations are running as planned despite US President Donald Trump’s tariffs.

Fortune Electric said Trump’s tariffs broadly affect all Taiwan exports to the US except for semiconductors and pharmaceuticals, per CNA. However, power equipment remains critical to US infrastructure and is still in short supply, leading to its reliance on imports, per UDN.

The company explained that its export team implemented new contract clauses last year to absorb tariff changes. For signed contracts, the company is negotiating with clients to shift or share the additional costs to reduce policy impact.

Overall business operations in Taiwan and other export markets remain on a steady growth path, it added. Growth in AI data centers and server demand is also boosting shipments of its heavy-duty power equipment.

Fortune Electric said it is monitoring developments and will adjust its response to safeguard shareholder interests. The company projected that export revenue could surpass 50% of its total this year, with order visibility extending into 2027–2028.

The company reported NT$11.32 billion (US$344.5 million) in revenue from January to November 2023, marking impressive 74.55% growth, per DigiTimes.