Source link : https://asia-news.biz/asia/yemen/taiwan-and-u-s-continue-crucial-tariff-negotiations-says-economics-minister/
Taiwan’s Economics Minister announced on [date] that tariff negotiations between Taiwan and the United States remain ongoing, as both parties seek to address trade imbalances and enhance bilateral economic cooperation. The discussions come amid broader efforts to strengthen supply chain resilience and navigate complex geopolitical dynamics affecting global trade. Officials from both sides continue to engage in dialogue to reach mutually beneficial agreements, signaling a sustained commitment to deepening economic ties.
Taiwan and U.S. Continue Negotiations to Ease Tariff Barriers
Negotiations between Taiwan and the United States remain active as both sides seek to reduce trade barriers that have long affected bilateral commerce. Economics Minister Wang Mei-hua emphasized the ongoing commitment to creating a more favorable environment for exporters and importers. Key discussion points include tariff adjustments on technology components and agricultural products, aimed at boosting competitiveness and market access.
Officials outlined several priority areas under review:
- Lowering tariffs on semiconductor equipment to enhance supply chain resilience
- Facilitating smoother trade flows for dairy and fruit exports
- Aligning customs procedures to reduce administrative burdens
| Category | Current Tariff Rate | Proposed Adjustment |
|---|---|---|
| Semiconductor Equipment | 5% | Decrease to 2% |
| Dairy Products | 10% | Reduce to 6% |
| Fruit Exports | 8% | Eliminate tariffs gradually over 3… |
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Author : Ethan Riley
Publish date : 2025-07-09 01:59:00
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