Taiwan and the United States are making progress in trade negotiations, raising hopes for reduced tariffs on Taiwanese exports. Taiwan Vice-Premier Cheng Li-chiun announced on Friday that recent talks between Taiwan’s chief trade negotiator Jenni Yang and U.S. Trade Representative Jamieson Greer were “constructive,” with both sides expressing optimism for deeper economic cooperation.
The meeting took place during the Asia-Pacific Economic Cooperation (APEC) trade summit on South Korea’s Jeju Island. According to Cheng, the discussions reflected “shared expectations” for expanded Taiwan-U.S. economic ties and a commitment to continue negotiations. Taiwan’s government also confirmed Yang’s meeting with Greer in an official statement.
Amid the ongoing negotiations, Cheng emphasized Taiwan’s intention to rebalance trade by increasing imports from the U.S., further noting that America has become Taiwan’s top overseas investment destination. This strategic pivot aims to strengthen bilateral economic ties and address trade imbalances.
Taiwan is currently contending with a 32% U.S. import tariff on certain exports under President Donald Trump’s trade policy. However, the implementation of these tariffs was paused for 90 days last month, offering a temporary reprieve and space for negotiations.
In response, Taiwan has launched formal tariff talks with Washington, offering to boost purchases of American goods and expand investment in the U.S. market. These efforts are part of Taiwan’s broader strategy to secure more favorable trade terms and maintain its strong economic partnership with the United States.
The ongoing discussions suggest a mutual willingness to collaborate on fairer trade terms and could pave the way for a long-term trade agreement that benefits both economies.