Taiwan eyes zero tariffs with US, pledges more investment

Reuters ^ | April 6, 202 | Ben Blanchard

[ChicagoConservative27]

TAIPEI, April 6 (Reuters) - Taiwan's President Lai Ching-te on Sunday offered zero tariffs as the basis for talks with the U.S., pledging to remove trade barriers rather than imposing reciprocal measures and saying Taiwanese companies will raise their U.S. investments.

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.

The U.S. tariffs, however, do not apply to semiconductors, a major Taiwanese export.

[volare737]

Thanks, was hoping it stays that way, ready to back up the truck tomorrow..