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

Emerging market bonds resilient
Fresh test for US bond market�
AI jitters grow, but spending rolls on
Keeping pace
Evolution of China’s expanding pet food sector
Banks in a battle�
Budget won’t shake market
India faces tough challenge to stem outflows
Water is a Saudi tycoon’s best friend
Grid charges temper RE euphoria

Others Also Read