JUST IN: Taiwan Seeks To Remove Tariffs On US, Increase Investment
Published 4 hours ago
on April 6, 2025
By Cullen McCue
Taiwan’s President Lai Ching-te on Sunday offered to enact a zero tariffs approach to trade with the United States, becoming the third major economy to do so after President Donald Trump announced sweeping tariffs on imports from dozens of countries on April 2.
Taiwan — a top 20 economy in terms of GDP and purchasing power according to Global Finance Magazine — is pledging to remove existing trade barriers rather than responding with new tariffs. The island nation is also pledging to rapidly increase its investment in the United States.
While speaking from the Rose Garden earlier this week, Trump enacted tariffs of varying percentages on dozens of trading partners. This includes Taiwan, which faces a 32 percent tariff on its products and runs a trade surplus with the United States.
The tariffs do not apply to semiconductors, however, providing relief for a major Taiwanese export. As of 2025, Taiwan accounts for 60 percent of the world’s semiconductor manufacturing, and nearly 90 percent for the most advanced ones.
After meeting with a range of small and medium-sized companies at his residence over the weekend, President Lai acknowledged that Taiwan’s reliance on trade could lead to short-term economic challenges. He expressed confidence that the effects could be minimized, however, before outlining his government’s approach to trade negotiations with the Trump Administration.
“Tariff negotiations can start with ‘zero tariffs’ between Taiwan and the United States, with reference to the U.S.-Canada-Mexico free trade agreement,” Lai said.
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