Latest news with #ChengLi-chiun
The Sun
16-05-2025
- Business
- The Sun
Taiwan meets with US for tariff talks in South Korea
TAIPEI: The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Premier Cho Jung-tai's first year in office, Cheng said chief Taiwan negotiator Jenni Yang reported 'good bilateral talks' in which both sides shared expectations of future Taiwan-U.S. economic cooperation and continued talks ahead. The Taiwan government confirmed in a statement that Yang met with U.S. Trade Representative Jamieson Greer at the Asia-Pacific Economic Cooperation's trade meeting on Jeju Island. 'Taiwan is confident it can reach trade balance by increasing purchases from the U.S.,' Cheng said, adding that the U.S. is now the top overseas investment destination for Taiwan. Taiwan was facing U.S. import tariffs of 32% on its products under U.S. President Donald Trump's new tariff policies, before Trump paused the plan last month for 90 days. Taiwan has since begun tariff talks with Washington, promising to purchase more U.S. goods and invest more in America to achieve more balanced trade.
The Sun
16-05-2025
- Business
- The Sun
Taiwan, U.S. Hold Trade Talks, Eye Tariff Reduction
TAIPEI: The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Premier Cho Jung-tai's first year in office, Cheng said chief Taiwan negotiator Jenni Yang reported 'good bilateral talks' in which both sides shared expectations of future Taiwan-U.S. economic cooperation and continued talks ahead. The Taiwan government confirmed in a statement that Yang met with U.S. Trade Representative Jamieson Greer at the Asia-Pacific Economic Cooperation's trade meeting on Jeju Island. 'Taiwan is confident it can reach trade balance by increasing purchases from the U.S.,' Cheng said, adding that the U.S. is now the top overseas investment destination for Taiwan. Taiwan was facing U.S. import tariffs of 32% on its products under U.S. President Donald Trump's new tariff policies, before Trump paused the plan last month for 90 days. Taiwan has since begun tariff talks with Washington, promising to purchase more U.S. goods and invest more in America to achieve more balanced trade.
Yahoo
16-05-2025
- Business
- Yahoo
Taiwan meets with US for tariff talks in South Korea
TAIPEI (Reuters) -The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Premier Cho Jung-tai's first year in office, Cheng said chief Taiwan negotiator Jenni Yang reported "good bilateral talks" in which both sides shared expectations of future Taiwan-U.S. economic cooperation and continued talks ahead. The Taiwan government confirmed in a statement that Yang met with U.S. Trade Representative Jamieson Greer at the Asia-Pacific Economic Cooperation's trade meeting on Jeju Island. "Taiwan is confident it can reach trade balance by increasing purchases from the U.S.," Cheng said, adding that the U.S. is now the top overseas investment destination for Taiwan. Taiwan was facing U.S. import tariffs of 32% on its products under U.S. President Donald Trump's new tariff policies, before Trump paused the plan last month for 90 days. Taiwan has since begun tariff talks with Washington, promising to purchase more U.S. goods and invest more in America to achieve more balanced trade.
Yahoo
16-05-2025
- Business
- Yahoo
Taiwan meets with US for tariff talks in South Korea
TAIPEI (Reuters) -The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Premier Cho Jung-tai's first year in office, Cheng said chief Taiwan negotiator Jenni Yang reported "good bilateral talks" in which both sides shared expectations of future Taiwan-U.S. economic cooperation and continued talks ahead. The Taiwan government confirmed in a statement that Yang met with U.S. Trade Representative Jamieson Greer at the Asia-Pacific Economic Cooperation's trade meeting on Jeju Island. "Taiwan is confident it can reach trade balance by increasing purchases from the U.S.," Cheng said, adding that the U.S. is now the top overseas investment destination for Taiwan. Taiwan was facing U.S. import tariffs of 32% on its products under U.S. President Donald Trump's new tariff policies, before Trump paused the plan last month for 90 days. Taiwan has since begun tariff talks with Washington, promising to purchase more U.S. goods and invest more in America to achieve more balanced trade. Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
Taiwan says tariff talks with US did not discuss exchange rate, as currency soars
TAIPEI (Reuters) -Taiwan's government said on Monday that tariff talks with the United States last week did not discuss the exchange rate and Taiwan's central bank has not taken part in the discussions, after the Taiwan dollar surged against the U.S. dollar. The Taiwan dollar on Monday and last Friday appreciated strongly against the greenback on market speculation that the United States had asked Taiwan to allow its currency to appreciate as part of the tariff talks. In a statement, Taiwan's Office of Trade Negotiations said that the talks in Washington last week "did not touch upon exchange rate issues". Since the government set up a working group in November for Taiwan-U.S. trade, led by Vice Premier Cheng Li-chiun, it has not included the central bank, and the delegation led by Cheng last week also did not include the central bank, the office said. On Saturday, the office said that Taiwan had concluded its first round of "substantive" tariff talks with the United States, describing the atmosphere as frank and cordial. Sign in to access your portfolio
