Fri, 4 Apr 2025

 

US tariff measures highly unreasonable – Taiwan
 
By: Abara Blessing Oluchi
Thu, 3 Apr 2025   ||   Nigeria,
 

The Taiwan government on Thursday called the newly announced U.S. tariff measures “highly unreasonable,” vowing to engage in stern negotiations.

Responding to U.S. President Donald Trump’s reciprocal tariff policy, the Cabinet, Taiwan’s executive branch, said that the 32 percent tariff on Taiwan was “highly unreasonable.”

“The tariff rate does not accurately reflect the actual Taiwan-U.S. trade situation and is unfair to Taiwan,” Cabinet spokeswoman Michelle Lee said in a statement.

Premier Cho Jung-tai has ordered the Office of Trade Negotiations to review the tariff’s unfair aspects and seek an explanation from the U.S. Trade Representative, Lee said.

Taiwan imposed a 64 percent tariff on U.S. imports.

Taiwan is the U.S.’s seventh-largest trading partner and sixth-largest source of trade deficits.

In 2024, exports to the U.S. rose by 32.5 percent.Lee said that Trump’s policy ignored the complementary nature of Taiwan-U.S. trade and that Taiwan’s export surge stemmed from rising U.S. demand for semiconductors and AI products.

Recall that President Donald Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, with a higher 20% rate for the European Union.

While the minimum baseline 10 percent levy applies to all nations, a number of countries face reciprocal tariffs.

Trump referred to April 2, the new tariff plan takeoff date, as “Liberation Day,” saying the U.S. had been ripped off for many years.

The president already imposed 25 percent tariffs on all foreign-made vehicles as well as 25 percent tariffs on imports of steel and aluminum.

 

 

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