Taipei: Taiwan says it has made “constructive progress” in a second round of trade talks with the United States, which are aimed at avoiding tariffs imposed by President Donald Trump.
“It is believed that constructive progress has been made in the negotiations so far,” said an official Taiwanese statement yesterday. The talks were held in recent days in Washington, it said.
The Trump administration imposed a 32% tariff on Taiwan’s exports on April 2, later pausing it for 90 days.
Last month, Taiwanese trade negotiator Yang Jen-ni met with US Trade Representative Jamieson Greer for the first round of talks in Jeju, South Korea.
Before the Trump administration announced the levies, Taiwan Semiconductor Manufacturing Co, the archipelago’s biggest firm and a key supplier to Apple Inc and Nvidia Corp, said that it would invest an additional US$100bil in the United States. — Bloomberg
