Taiwan Tariff Talks: A Temporary Trade Tiff with the U.S.
Taiwan's President Lai Ching-te addressed Trump's new 20% tariff on Taiwanese goods, which is deemed 'temporary'. He expressed confidence in negotiating a lower rate, less than the previously threatened 32%. Both U.S. and Taiwan officials view this as a positive step toward an agreeable resolution.
In response to a new 20% tariff introduced by the Trump administration on Taiwanese imports, President Lai Ching-te assured that the measure is temporary and negotiable. During a press briefing, he emphasized Taiwan's commitment to securing a more favorable rate.
The executive order from President Trump sets tariffs ranging from 10% to 41% on imports from numerous trading partners. Taiwan's 20% rate, though lower than the 32% initially proposed in April, surpasses the 15% rates for Japan, South Korea, and the EU.
A U.S. official confirmed that negotiations are ongoing, highlighting that the interim rate is considerably lower than initial expectations. This suggests that Taiwan's negotiating efforts are recognized, with hope for a near-final agreement.
(With inputs from agencies.)
- READ MORE ON:
- Taiwan
- tariff
- Trump
- import
- negotiation
- trade
- U.S.
- goods
- Lai Ching-te
- executive order
Google News