Taiwan's top trade negotiation delegation is in Washington for the fourth time to negotiate tariffs under the direction of President Donald Trump.
The meeting focused on the tariffs imposed on Taiwanese exports, as the US also imposed tariffs on neighboring countries, aimed at strengthening trade relations and boosting demand from the US technology market.
MAIN CONTENT
The Taiwanese delegation is restarting tariff negotiations in Washington under the direction of President Trump.
The US imposes new tariffs on neighboring countries, increasing pressure for trade negotiations.
Demand for technology from the US market has driven Taiwan's trade surplus up to 65 billion USD last year.
What is the Taiwanese delegation in Washington for?
The senior trade delegation from Taiwan, led by Vice Premier Cheng Li-chiun and chief negotiator Yang Jen-ni, arrived in the US capital to conduct the fourth round of tariff negotiations under the guidance of President Donald Trump.
The discussions are currently taking place actively and constructively; however, the final decision on tariff levels still lies with President Trump. Taiwan has not yet made an official comment on the developments of the meeting.
"All exchanges are constructive, but the tariff levels are definitely decided by President Trump."
Informed negotiator, 2024
How does the US impose tariffs on Taiwan's neighboring countries?
Previously, the United States imposed a 15% tariff on exports from Japan and 19% on exports from the Philippines, while Indonesia also faced a 19% tariff, down from an initial 32%.
These tariffs create stability for investors after months of trade volatility in the Asia-Pacific region. Accompanying agreements also require neighboring countries to reduce or eliminate tariff and non-tariff barriers against US goods.
What is the role of the US market for Taiwan's exports?
Taiwan is increasingly dependent on the US market, with a trade surplus of around 65 billion USD last year. Strong demand for high-tech products from Taiwan, especially those supporting AI and operating data centers globally, contributes significantly to this figure.
Maintaining and expanding the US market is a priority in Taiwan's economic development strategy. Taiwanese technology and semiconductor companies are also very focused on the impact of US tariffs, especially in the context of the risk of increased tariffs on the semiconductor industry.
What are the US-China trade negotiations and their impact on the region?
Meanwhile, US and Chinese officials are preparing to meet in Stockholm next week to discuss extending the deadline for signing a comprehensive trade agreement.
US Treasury Secretary Scott Bessent affirmed that the discussions aim to rebalance bilateral trade relations, creating a stable foundation for the global economy.
"US-China trade is currently in a very good position; the meeting in Stockholm aims to rebalance that relationship."
Scott Bessent, US Secretary of the Treasury, 2024
In addition, bilateral agreements with the Philippines and Indonesia also mark a step forward in efforts to ease tariff tensions in the region, facilitating trade for both sides.
What is the new tariff agreement between the US and other Southeast Asian countries like?
Information from the White House indicates that Indonesia has agreed to remove tariff and non-tariff barriers on most US exports. This was agreed upon after high-level negotiations between the US, Philippines, and Indonesia at the White House.
The Swedish government also values the upcoming meeting in Stockholm, considering it an important step to promote understanding and global trade cooperation among leading economies.
How do US tariff policies affect Taiwan's semiconductor industry?
The US previously imposed a 32% tariff on some Taiwanese goods in April but later suspended it to facilitate negotiations. The semiconductor industry is particularly sensitive as the US considers raising tariffs further, which could significantly impact Taiwan's position as a leading chip manufacturing hub.
Maintaining an uninterrupted export flow to the US market is considered vital for Taiwanese technology companies, which account for a significant share of the national export total.
Can US tariffs on neighboring Asian countries be compared?
Country Previous Tariff Current Tariff Notes Japan No tariff or low 15% Imposed export tariff to the US Philippines No tariff or low 19% Accompanied by a commitment not to tax US goods Indonesia 32% 19% Agreed to reduce tariffs under an agreement with the US Taiwan 32% (temporarily suspended) Under negotiation Currently in the fourth round of negotiations in Washington
Frequently Asked Questions
What is the Taiwanese delegation negotiating in Washington?
The delegation discusses the tariffs imposed on Taiwanese exports to the US under the direction of President Donald Trump, aiming to ensure trade benefits amid changes in US tax policy.
Why is the US market important to Taiwan?
The United States is a large market with high demand for Taiwanese technology products, especially in the fields of AI and data centers, which accounted for a significant portion of the over 65 billion USD trade surplus last year.
What are the US tariffs on Taiwan's neighboring countries?
The US imposes a 15% tariff on Japan, 19% on the Philippines, and Indonesia (down from 32%), creating competitive pressure and new trade conditions in the region.
What does the US-China negotiation in Stockholm mean?
The meeting aims to discuss extending the trade agreement, rebalancing bilateral relations, which has a significant impact on global economic stability and regional trade.
What impact do tariffs have on Taiwan's semiconductor industry?
Taiwan's semiconductor industry could be severely harmed if the US raises tariffs, as it is a key chip manufacturing center for the global market.
Source: https://tintucbitcoin.com/thuong-mai-dai-my-truoc-han-thang-8/
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