Taiwan hopeful after reprieve


Taiwan was one of the relatively few parties that’s been making steady progress in its negotiations with the United States. — Bloomberg

TAIPEI: Taiwan has indicated that it is cautiously optimistic about talks with the United States after avoiding a letter from the Trump administration notifying trading partners of new tariff rates.

It would have been more favourable not to receive one of the missives, and getting one suggests a more difficult position in the talks, said a national security official in Taipei, who asked not to be identified discussing the sensitive matter.

Additionally, Taiwan was one of the relatively few parties that’s been making steady progress in its negotiations with the United States, the official added on Tuesday.

Still, the official said a final verdict on the talks would have to wait until the two sides produced concrete results. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Great views, great premiums
Recent fires expose glaring oversights
Let’s get it right about BTS 10:90
IMF evaluation reflects Malaysia’s strong economic fundamentals, economists say
MATRADE appoints Abu Bakar Yusof as CEO
Ringgit poised to see profit-taking after hitting near six-year high vs greenback
Political clarity could unlock valuation multiples
Racing to deliver
The illusion of beat estimates
Boost for Abu Dhabi’s global push

Others Also Read