Taiwan’s government announced on Thursday ( Apr 3 ) that the island’s government’s tariffs were unreasonable and that it would discuss them with Washington, partly on account of US tech restrictions being used by China in its first term to cause the trade imbalance.
Trump made the broad-based import tariffs, with significantly higher responsibilities for dozens of trading partners, including Taiwan, which has a 32 % work on its goods and has a large trade deficit with the United States.
However, the US taxes do not apply to Taiwan’s largest trade, electronics.
Taiwan’s Cabinet stated in a declaration that it regrets the “unreasonable” US tariffs and that it would get clarity and continue to discuss how to protect Taiwan’s passions were handled.
The US’s calculation of the tariffs was vague and did not reflect the comparable business structure between the two parties, according to the Cabinet.
Due to the US’s desire for electronics and unnatural intelligence-related products, as well as Trump’s first-term taxes and controls on China, Taiwan’s exports and trade surplus increased, it added.
The Cabinet said the change in Taiwan’s supply string led to” the change of Taiwan’s supply chain up to Taiwan and an increase in US desire for Taiwan’s information and communications merchandise, reflecting Taiwan’s enormous contribution to the US market and national safety.”
Trump placed some Chinese companies on trade blacklists during his first term in office, which benefited Taiwan as orders shifted to Taiwanese firms, limiting their access to crucial US hardware and software.
Taiwanese government officials have repeatedly claimed that trade with the US has been skewed because of the island’s strong chip industry’s dominance of advanced semiconductors, a key product of Taiwan.
A new$ 100 billion investment was made by TSMC last month.
The business said it was in its quiet period ahead of its first-quarter earnings on April 17 and declined to comment on the tariffs.