Taipei, July 9 -- Taiwan is hoping to avoid steep US import tariffs as it continues negotiations with the Trump administration, even as President Donald Trump announced high duties on 14 other countries. The island nation was excluded from the first batch of tariff targets and is still hoping to reach a deal with the Trump administration in the ongoing tariff talks, as reported by Focus Taiwan.
A source familiar with the situation said that the 14 countries on the list were there because the United States felt trade negotiations with them had not made progress, were not successful, or were not worth continuing, Focus Taiwan reported.
Taiwan was threatened by the US that it would face tariffs of between 25 per cent and 40 per cent if the...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.