Taiwan, India Continue US Tariff Talks Amid Rising Trade Tensions

Taiwan is actively engaged in ongoing negotiations with the United States to secure a reduction and relief from tariff stacking after the U.S. imposed a 20% tariff on Taiwanese exports, which is added on top of existing duties. Vice Premier Cheng Li-chiun emphasized that while the tariff was lowered from an initial 32% to 20%, Taiwan aims to achieve a more favorable rate and avoid the cumulative impact of multiple tariffs. These talks include multiple rounds of video and in-person meetings, with Taiwan seeking similar relief to that secured by the European Union, and Japan also pursuing. Taiwan's exports, particularly semiconductors which account for 90% of its trade deficit with the U.S., are heavily affected, and sector-specific tariffs remain under discussion. The Taiwanese government is committed to transparency and plans to provide more public information about tariff impacts and negotiations. This situation reflects broader challenges faced by many countries dealing with the U.S.'s recent reciprocal tariff policies, which have led to temporary framework agreements pending further negotiation.