TAIPEI (Reuters) -Taiwan and the U.S. have completed talks on tariff technicalities and have reached consensus on issues including non-tariff trade barriers, with the result pending the U.S. decision-making process, Taiwan’s cabinet said on Thursday.
Goods sent from Taiwan to the U.S. were targeted for tariffs of 32% by U.S. President Donald Trump when he announced his so-called “reciprocal” tariffs in April, but he later declared a 90-day pause on the plan. Taiwan has been in tariff talks with Washington since the announcement.
“Investment and purchase issues have also been discussed,” said a spokesperson, adding that both sides have discussed a joint statement.
A trade delegation led by Vice Premier Cheng Li-chun had gone through four rounds of negotiations with U.S. officials, including U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, according to a statement issued by Taiwan’s cabinet.
Taiwan has been seeking to strengthen its trade ties with major partners, particularly the U.S., Taiwan’s second-largest trading partner after China, amid growing geopolitical and economic challenges.
The outcome of the discussions could play a key role in shaping the island’s future trade strategy and its position in the global supply chain, and is crucial to Taiwan’s export-driven economy.
(Reporting by Jeanny Kao and Faith Hung; Additional reporting by Yimou Lee; Editing by Christopher Cushing and Lincoln Feast.)
