TAIPEI (Taiwan News) — Taiwan is reportedly among countries that will likely reach a trade deal with the US as the Trump tariff grace period nears its end.
Senior Trump advisors told Bloomberg that they expect to finalize agreements with over a dozen top US trading partners before the July 9 deadline, per CNA. However, if past deals with China and the UK are any indication, these agreements may only address limited issues and leave many key details to future negotiations.
In the final days before the deadline, world leaders have ramped up lobbying efforts, sending delegations to Washington. Trump and his advisers, however, have offered conflicting statements on how the negotiations might be resolved.
A source familiar with the talks told Bloomberg the US is close to reaching agreements with some countries, including Taiwan and Indonesia. The person added that there are possible deals also in the works with Vietnam and South Korea.
The Cabinet said Sunday that Vice Premier Cheng Li-chun (鄭麗君) and top negotiator Yang Jen-ni (楊珍妮) led a delegation to Washington, D.C., on June 25 for a two-day second round of talks, per UDN. The Cabinet said that the negotiations had made “constructive progress,” and throughout the process, both agreed that expanding bilateral investment would enhance their shared prosperity and development.
On April 2, Trump announced the US would impose a 32% tariff on Taiwan-made goods. However, he announced a 90-day reprieve on April 9, but kept a 10% baseline tariff on Taiwan.
