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Taiwan-US a driver of shared prosperity, US business group says after tariffs
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Taiwan-US a driver of shared prosperity, US business group says after tariffs
Apr 2, 2025 7:34 PM

TAIPEI, April 3 (Reuters) - The Taiwan-U.S. partnership

is a driver of shared economic prosperity and central to supply

chain security and stability in the region, the American Chamber

of Commerce in Taiwan said on Thursday after U.S. tariffs were

announced.

U.S. President Donald Trump on Wednesday announced across

the board import tariffs, with much higher duties for dozens of

trading partners, including Taiwan which runs a large trade

surplus with the United States and will get a 32% tariff.

The U.S. tariffs do not apply to semiconductors, a major

Taiwan export.

In a statement, AmCham Taiwan said it continued to stress

Taiwan's "indispensable" role in the U.S. economy.

"AmCham Taiwan urges policymakers in both Washington and

Taipei to continue fostering this mutually beneficial

relationship," it said in a statement.

"In a time of growing geopolitical complexity, the

U.S.-Taiwan partnership is not only a driver of shared economic

prosperity but also central to supply chain security and

regional stability."

Taiwan's government has yet to respond to the tariffs. Both

Thursday and Friday are holidays in Taiwan.

Taiwan President Lai Ching-te said on Wednesday ahead of the

U.S. announcement that the island is an "indispensable" member

of the global supply chain and it would ensure its companies'

interests.

Taiwan government officials have repeatedly said trade with

the United States has been skewed by an insatiable demand for

Taiwanese technology products, such as advanced semiconductors

which is a sector that the island, home to major chipmaker TSMC

, dominates.

TSMC last month announced a new $100 billion investment in

the United States.

Taiwan has said it will cut some of its own import tariffs

and buy more U.S. energy to help balance trade.

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