Hello and welcome to the details of Taiwan holds tariff talks with US, aims to strengthen trade ties amid tariff concerns and now with the details
Nevin Al Sukari - Sana'a - Taiwan’s President Lai Ching-te holds a press conference in Taipei, Taiwan February 14, 2025. — Reuters pic
TAIPEI, April 12 — Taiwan’s government said today it held its first tariff discussions with the United States and expected more talks to build “strong and stable” trade ties.
Taiwan’s President Lai Ching-te said Friday the island was on “the first negotiating list of the US government” as he seeks to shield its exporters from a 32 percent tariff.
US President Donald Trump this week postponed punishing levies on multiple trade partners, including Taiwan, for three months after trillions of dollars were wiped off global markets.
Trump has maintained a 10 percent blanket duty on most countries, but paused plans for steeper measures on others, except China.
Taiwan’s Office of Trade Negotiations said in a statement that its officials held a video conference on Friday with “relevant US officials” without identifying them.
The two sides “exchanged views on Taiwan-US reciprocal tariffs, non-tariff trade barriers, and a number of other economic and trade issues including export controls”, the statement said.
“Both sides look forward to conducting follow-up negotiations... in the near future and jointly building a strong and stable economic and trade relationship.”
Taiwan currently faces a 10 percent tariff and Lai said its talks would seek to strike a deal with Washington to bring that down to zero.
Taiwan’s trade surplus with the United States is the seventh highest of any country, reaching US$73.9 billion in 2024.
Around 60 percent of its exports to the United States are information and communications technology products, including semiconductors.
Chips were excluded from Trump’s new tariffs. — AFP
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