10% tariff begins, Musk requires US-Europe ‘zero-tariff scenario’

TAIPEI (Reuters) — Taiwan President Lai Ching-te met tech executives on Saturday to debate how to reply to new U.S. tariffs, promising to make sure Taiwan’s international competitiveness and safeguard the island’s pursuits.

President Donald Trump introduced across-the-board import tariffs on Wednesday… The U.S. tariffs, nevertheless, don’t apply to semiconductors, a serious Taiwanese export.

Lai met the executives at his official residence to debate the response to “the worldwide financial and commerce challenges led to by the reciprocal tariff coverage,” his spokesperson Karen Kuo mentioned in an announcement.

She didn’t say which corporations have been current, solely that there have been a number of representatives from the data and communications expertise, or ICT, business.

Lai “hopes to offer business the best help, stabilise the financial scenario, guarantee Taiwan’s business’s international competitiveness, and safeguard our nation’s nationwide pursuits and the continued regular progress of our financial system,” Kuo mentioned.

Taiwan is house to TSMC, the world’s largest contract chipmaker and an necessary provider to corporations together with Apple and Nvidia.

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