TAIPEI (Taiwan News) — Taiwan said Friday it is seeking more favorable US tariff rates as the two sides move toward a concluding meeting, Reuters reported.

Deputy Trade Representative Yen Huai-shing (顏慧欣) said in a statement that both sides had acknowledged progress in the talks. She added that Taipei was seeking more “reasonable” tariff arrangements to ease pressure on its industries.

Taiwan’s exports to the US currently face a 20% temporary tariff. Yen said securing preferential treatment under Section 232 for tariffs was a priority in the final stage of the agreement.

The Section 232 review, conducted under the US Trade Expansion Act of 1962, is still determining rates on semiconductors and other strategic technology goods. Semiconductors are one of Taiwan’s most critical exports, and industry leaders are watching closely for the outcome.

The US Trade Representative’s office did not respond to requests for comment Thursday in Washington. However, US Commerce Secretary Howard Lutnick told CNBC that “we have a big deal coming with Taiwan,” without offering specifics.

Taipei has framed the negotiations as vital to protecting its competitive edge in technology exports. Officials argue that a breakthrough on tariffs could shield domestic industries from prolonged strain in the face of global trade tensions.