US EditionTaiwan to Seek Lower Tariff After Trump's 'Temporary' 20% Levy
TAIWAN, AUG 1 – Taiwan aims to reduce the US 20% chip tariff amid rising AI-driven demand and trade tensions, with 60% of its exports to the US in information technology, officials said.
- On August 1, Taiwan vowed to seek a lower tariff after the United States imposed a temporary 20 percent levy on its imports.
- The tariff followed months of negotiations amid President Trump's broader April 2 trade measures and a delayed implementation deadline.
- Taiwan, a key chip manufacturer with about 60 percent of exports in information and communications technology, pledged to increase US investments and energy purchases to improve relations.
- Economist Sun Ming-te described the 20 percent tariff as likely the most favorable result Taiwan can currently expect, while Taiwanese officials emphasized that negotiations are continuing in hopes of finalizing an agreement.
- Continued negotiations imply a potential tariff reduction, which Taiwan seeks to support its major export sector and maintain economic cooperation with the US.
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Cabinet says 20% tariff not final, talks with U.S. will continue - Focus Taiwan
A U.S.-Taiwan economic and trade task force under the Executive Yuan said Friday that the 20 percent tariff announced earlier in the day by the White House on Taiwanese goods is "tentative," and that negotiations between the two sides will continue.
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Coverage Details
Total News Sources13
Leaning Left4Leaning Right3Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 33%
C 42%
R 25%
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