Taiwan, Trade Deal
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Taiwan said more trade talks with the US will be held this week, while also hitting back at domestic speculation that the self-run democracy had already received a tariff letter from the US.
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Cryptopolitan on MSNTaiwan and US engage in trade discussions ahead of August deadline
Taiwanās top trade negotiators touched down in Washington, DC, this week for their fourth round of talks with the Trump administration.
A preliminary date has been set for the next round of trade negotiations with the US regarding US President Donald Trumpās reciprocal tariffs, Deputy Trade Representative Yen Huai-shing (é”ę
§ę¬£) said today.
US-China trade talks will be the main event of the week, along with Chinaās July purchasing managersā index. Other key data reports are expected from South Korea, Japan and Taiwan. The Bank of Japan is seen leaving rates unchanged
Taiwan's state-owned energy company CPC Corp said it is not in talks for "specific" shale gas fields in the United States, but it does not rule out any prospective partners and will make the most favourable decision based on its own evaluations.
Negotiations over US tariffs on Taiwan involve āgive and takeā from both countries, Deputy Minister of Foreign Affairs Chen Ming-chi (é³ę焺) said yesterday, adding that the talks are ongoing and progressing well. He made the remarks to reporters at the Legislative Yuan before attending a Foreign Affairs and National Defense Committee meeting.
Taiwan's domestic and imported car markets have long been locked in a delicate tug-of-war. In 2024, local vehicles held a narrow lead with a 52% market share, compared to 48% for imports. But that balance could be upended if the latest trade rumors prove true.
Yet analysts say the Chinese leader is likely holding out for concrete deliverables before agreeing to the high-profile meeting. Trump dramatically escalated the trade war with the world's second-largest economy in April, rolling out sweeping new tariffs that prompted China to respond with its own export duties and other measures.