TAIPEI, July 31 (Reuters) - Taiwan and the U.S. have
completed talks on tariff technicalities and have reached
consensus on issues including non-tariff trade barriers, with
the result pending the U.S. decision-making process, Taiwan's
cabinet said on Thursday.
Goods sent from Taiwan to the U.S. were targeted for
tariffs of 32% by U.S. President Donald Trump when he announced
his so-called "reciprocal" tariffs in April, but he later
declared a 90-day pause on the plan. Taiwan has been in tariff
talks with Washington since the announcement.
"Investment and purchase issues have also been discussed,"
said a spokesperson, adding that both sides have discussed a
joint statement.
A trade delegation led by Vice Premier Cheng Li-chun had
gone through four rounds of negotiations with U.S. officials,
including U.S. Trade Representative Jamieson Greer and Commerce
Secretary Howard Lutnick, according to a statement issued by
Taiwan's cabinet.
Taiwan has been seeking to strengthen its trade ties
with major partners, particularly the U.S., Taiwan's
second-largest trading partner after China, amid growing
geopolitical and economic challenges.
The outcome of the discussions could play a key role in
shaping the island's future trade strategy and its position in
the global supply chain, and is crucial to Taiwan's
export-driven economy.
(Reporting by Jeanny Kao and Faith Hung; Additional reporting
by Yimou Lee; Editing by Christopher Cushing and Lincoln Feast.)