Taiwan president briefed ahead of possible US tariffs
- Taiwan President Lai Ching-te met with senior officials to discuss the potential impact of U.S. tariffs and contingency plans regarding trade, as reported by his office.
- Taiwan, one of the countries targeted by U.S. Tariffs, had record exports of $111.4 billion to the U.S. Last year, driven by high-tech demand, according to U.S. Census Bureau data.
- Taiwan's benchmark stock index dropped over 2% on Monday amid fears of the upcoming tariffs, according to local reports.
- Deputy Finance Minister Frank Juan indicated that tariffs on the electronics industry might be low due to TSMC's recent $100 billion investment in the U.S.
6 Articles
6 Articles
Taiwan President Lai discusses contingency plans amid looming US tariffs
Taiwan runs a large trade surplus with the United States, which surged 83% last year, with the island's exports to the U.S. hitting a record $111.4 billion, driven by demand for high-tech products such as semiconductors


Taiwan president briefed ahead of possible US tariffs
TAIPEI (Reuters) - Taiwan President Lai Ching-te met senior officials on Sunday night to discuss the possible impact of U.S. tariffs and receive an update on contingency plans, his office said on Monday.
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