Lai lays out roadmap for bilateral trade ties, response to US tariffs
Posted on 2025-04-11 06:59:13
President Lai Ching-te says his government will rapidly expand procurement of US goods and arms and remove its barriers to free trade.
In an opinion piece published by Bloomberg, Lai laid out what he called the government's roadmap for deeper U-S trade ties.
The piece outlined four-point core plan for Taiwan's response to Trump's tariffs.
Lai said Taiwan will engage in trade negotiations with the U-S about tariffs, and while the island already maintains a average nominal rate of 6-per cent, his administration is willing to further cut this rate to zero on the basis of reciprocity.
The president also said the government would also try to narrow the trade imbalance by "rapidly" procuring energy, agriculture and other industrial goods from the U-S... it will also pursue additional arms procurement, as these purchases are not reflected in trade balances.
Lai further added that Taiwan would establish a cross-agency called the "U-S Investment Team" to facilitate more investments in America, where Taiwan firms currently support 400,000 jobs throughout all 50 states.
While Lai's final core principle will see Taiwan removing barriers to free trade - with the president saying his administration will address U-S concerns about "export controls and improper transshipment of low-cost goods through Taiwan."
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