The unilateral 10% tariff on imports takes impact

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 significant 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 stated in a press release.

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

Lai “hopes to provide 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 stated.

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

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