No retaliatory tariffs by Taiwan
Taiwan President Lai Ching-te wrote on X today that by working together with the US, the two sides will usher in a "golden age of shared prosperity", reiterating the island will not be levying retaliatory tariffs.
"Taiwan does not seek retaliatory tariffs against the US. Instead, we'll start talking from bilateral 'zero tariffs.' To ensure Taiwan's competitiveness, we'll increase US imports and adopt other measures. Working together, we'll usher in a golden age of shared prosperity."
Taiwan faces a tariff of 32 per cent from Wednesday.
Its trade surplus with the US is the seventh highest of any partner, reaching US$73.9 billion in 2024.
Taiwan President Lai Ching-te wrote on X today that by working together with the US, the two sides will usher in a "golden age of shared prosperity", reiterating the island will not be levying retaliatory tariffs.
"Taiwan does not seek retaliatory tariffs against the US. Instead, we'll start talking from bilateral 'zero tariffs.' To ensure Taiwan's competitiveness, we'll increase US imports and adopt other measures. Working together, we'll usher in a golden age of shared prosperity."
Taiwan faces a tariff of 32 per cent from Wednesday.
Its trade surplus with the US is the seventh highest of any partner, reaching US$73.9 billion in 2024.