Taiwan pledges more investment in US, removal of trade barriers after Trump tariffs

FILE PHOTO: Kids view the area from a lookout point over cranes and containers at the Port of Keelung, Taiwan April 3, 2025. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) -Taiwan's President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers, and that Taiwanese companies will gradually increase their investments in the country.

President Donald Trump announced across-the-board import tariffs on Wednesday, with much higher duties for dozens of trading partners, including Taiwan, which runs a large trade surplus with the U.S. and faces a 32% duty on its products.