William Lai Ching-te expresses hope consensus could be reached 'quickly' during ongoing tariff negotiations with US.

Taiwan will "deepen" its economic and trade relations with the US in the face of Trump tariffs, hoping to create a "win-win situation" during ongoing talks with Washington, DC, the island's leader, William Lai Ching-te, said on Thursday.

Lai made the remarks during a meeting with visiting American scholars in Taipei, according to an official statement.

Taiwan faces a 20% tariff from the US as part of a series of "reciprocal" tariffs imposed on 67 countries.

Lai expressed hope that a consensus could be reached "quickly" during ongoing tariff negotiations with the US and that cooperation between Taipei and Washington could be "deepened," according to a statement from his office.

Taiwan announced plans in March to invest $100 billion in building semiconductor plants in the US to avoid high tariff rates, ensuring that Taiwan's chipmaker, TSMC, would later be exempt from the US' 100% processor tariffs.

Taiwan will also "strengthen its national defense, build economic security, and work with like-minded countries such as the US" in response to China's "continued intensification of threats and oppression against Taiwan," said Lai.

Source: Anadolu Ajansı

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