Taiwan talks with America for the first time regarding tariff!
Taiwanese officials held talks with their American counterparts for the first time on friday regarding President Donald Trump's tariff policy. Both sides are ready for further discussions on this. A 32 percent tariff has been imposed on taiwan, which is considered the king of the semiconductor industry. Considering it unfair, taiwan offered zero tariff on American products and more purchases and investments from America.
Talks between the two countries took place on these things
An official of Taiwan's Trade Negotiations office said in a statement to Reuters on the condition of anonymity that his officials talked with American officials on video conference. This conversation talked about many other trade and economic issues including reciprocal tariff between taiwan and America. It was told that both sides are looking forward to continuing further talks on this in the coming times and building a strong and stable economic and trade relationship between taiwan and America.
taiwan demands free trade agreement from America
On Wednesday, US President donald trump imposed a massive 125 percent tariff on china while giving 90 days relief from tariffs to 75 countries including India. Even though there is no formal diplomatic relationship between taiwan and the US, taiwan, home to the world's largest contract chipmaker TSMC, has long been demanding a free trade agreement with the US. Let us tell you that taiwan has ordered a large quantity of weapons from the US to face the potential threat from China. taiwan constantly faces military and political pressure from china as china considers taiwan as its part, while taiwan says that only the people here will decide their future.
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