Taiwan says it has concluded first 'substantive' tariff talks with US
- On May 1 in Washington, Taiwan's government completed its first in-person discussions with U.S. Officials addressing tariffs and related trade matters.
- The talks followed U.S. President Trump's announcement of a 32% import tax on Taiwan goods, which he paused for 90 days to allow negotiations.
- Both sides held frank and cordial discussions, agreeing to strengthen economic cooperation and continue consultations to actively seek consensus and further steps.
- Taiwan, a semiconductor powerhouse with a large U.S. Trade surplus, proposed a zero-tariff regime and offered to increase purchases from the United States.
- The agreement to keep negotiating suggests both sides aim to build a mutually beneficial relationship despite lacking formal diplomatic ties.
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Taiwan says it has concluded first 'substantive' tariff talks with US
TAIPEI (Reuters) -Taiwan's government said on Saturday that it had concluded its first round of "substantive" tariff talks with the United States, describing the atmosphere as frank and cordial.
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