Economy, Asia - Pacific
Taiwan says its 1st tariff talks with US went smoothly
Taipei will not retaliate against US tariffs, says island's leader William Lai Ching-te
Saadet Gökce |
12.04.2025 - Update : 12.04.2025
People walk past the Taiwan Stock Exchange office, following U.S. President Donald Trump's surprise decision to pause the global tariffs, in Taipei, Taiwan, on April 10, 2025.
ISTANBUL
Taiwan’s leader said Saturday said that Taipei had a "smooth" first round of negotiations on tariffs with the United States.
William Lai Ching-te said the island's economy is "resilient" and that authorities have launched strategies to cushion the impact of new US tariffs such as providing support to affected industries, reported state-run Focus Taiwan.
Lai also said that Taipei will not retaliate against the tariffs Washington has imposed on the island but will instead import more US merchandise to narrow the trade deficit.
US President Donald Trump previously imposed a 32% tariff on the island's goods but on Wednesday paused for 90 days the tariffs on every country, except for China, while keeping a base 10% tariff.
