Taiwan continues its negotiations with the US, aiming to reach an agreement on tariffs. The delegation, comprising the Vice Premier and lead negotiator, is currently in Washington.
Current Negotiations: Status Update
Vice Premier Cheng Li-chiun and lead negotiator Yang Jen-ni have arrived in Washington for the fourth round of tariff talks. According to a source familiar with the discussions, exchanges thus far have been 'constructive,' but the final decision on tariff rates rests solely with President Trump. Taiwan’s Cabinet spokeswoman Michelle Lee declined to comment on the meetings.
Impact of Tariffs on Taiwan and Neighboring Countries
The negotiations are taking place against the backdrop of Trump’s recent tariff announcements affecting Taiwan's neighbors: Japan now faces a 15% tax, while the Philippines is subject to a 19% rate. This has created some certainty for investors after months of trade turmoil in the region. Taiwan holds a trade surplus of approximately $65 billion with the US, largely due to strong demand for its technology products, vital for global AI and data center operations.
Upcoming US-China Meetings
Meanwhile, US Treasury Secretary Scott Bessent announced a meeting between American and Chinese officials in Stockholm to discuss extending the deadline for a broader trade agreement. The discussions will focus on rebalancing the trade relationship between the two nations. Swedish Prime Minister Ulf Kristersson welcomed these talks, calling them important for the world economy.
The ongoing negotiations between Taiwan and the US, along with upcoming meetings with China, underscore the importance of trade relations amid global economic changes, heavily influenced by political decisions.
