Taiwan and United States Conduct First Tariff Negotiations
/Article


Officials from Taiwan engaged in their inaugural tariff discussions with U.S. officials on Friday, with both parties expressing optimism about future talks, as confirmed by the Taiwanese government on Saturday.

Despite Taiwan being a significant semiconductor producer facing a 32% tariff, which it deemed unjust, the country swiftly presented proposals to the United States, suggesting a zero-tariff system along with increased purchases and investments within the U.S.

According to a statement from Taiwan's Office of Trade Negotiations, discussions were conducted via a video conference with unnamed U.S. officials. The dialogue centered on bilateral tariffs between the two countries, non-tariff trade barriers, export controls, and various economic and trade matters.

The statement mentioned that both sides are keen on upcoming consultations to further strengthen the economic and trade ties between Taiwan and the U.S.

The Office of the United States Trade Representative did not immediately respond to the media's request for comment sent beyond regular working hours.

Notably, U.S. President Donald Trump recently announced a temporary reduction in the high tariffs imposed on numerous countries while also intensifying pressure on China.

Taiwan, home to the largest contract chipmaker globally - TSMC, has been actively pursuing a free trade agreement with the United States, its key supporter and arms supplier, despite lacking formal diplomatic relations.

With China, its enormous neighboring country, increasingly exerting military and political influence, Taiwan firmly refutes China's territorial claims, asserting that the island's residents have the autonomy to determine their destiny.

Leave a Reply