10% tariff begins, Musk requires US-Europe ‘zero-tariff state of affairs’

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 world competitiveness and safeguard the island’s pursuits.

President Donald Trump introduced across-the-board import tariffs on Wednesday… The U.S. tariffs, nonetheless, 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 caused by the reciprocal tariff coverage,” his spokesperson Karen Kuo mentioned in an announcement.

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

Lai “hopes to present trade the best help, stabilise the financial state of affairs, guarantee Taiwan’s trade’s world competitiveness, and safeguard our nation’s nationwide pursuits and the continued regular progress of our economic system,” Kuo mentioned.

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

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