TAIPEI, April 9 (Reuters) - Taiwan's hopes that it can
come to a quick agreement with the United States to resolve the
tariffs issue and last weekend already approached Washington to
discuss the issue, a senior Taiwanese official said on
Wednesday.
Taiwan has responded to U.S. President Donald Trump's 32%
tariff on island with an offer of zero tariffs, more investment
in the country and purchases from it, and said it will not
retaliate.
Speaking to reporters at parliament, Taiwan National
Security Bureau Director-General Tsai Ming-yen said the
government's position was not to take retaliatory measures, but
to come up with more specific solutions.
President Lai Ching-te has instructed officials to initiate
"strategic communication" between Taiwan and the United States,
he added.
"So last weekend, we used channels to talk to the U.S.
to reflect our position on Taiwan-U.S. tariff negotiations and
some of our proposals," Tsai said, without giving details.
Lai has held many meetings with officials to discuss the
detailed response, including how to strengthen investment or
procurement in the United States, he added.
"I think that through this more comprehensive negotiation
preparation, we hope that once the United States agrees that
Taiwan and the U.S. can have a related negotiation process, the
two sides can quickly come to an agreement to promote the
progress of the relevant negotiation."
The tariffs have hammered Taiwan's stock market.
The government on Tuesday evening announced the activation
of its $15 billion stock stabilisation fund to restore investor
confidence and ensure market stability.
The benchmark stock index was down around 1.5%
on Wednesday, after hefty losses in the two previous sessions.
Shares in top chipmaker TSMC were flat, while
Apple supplier Foxconn's shares dropped around 4%.