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The White House has announced updated reciprocal tariff rates on multiple countries, with rates ranging from 10% to 41%. (Source: The White House)
The White House has unveiled new reciprocal tariffs, placing Taiwan under a tentative 20% rate set to take effect on Aug. 7. While the Taiwanese government stresses the figure is not final and talks remain ongoing, the tariffs are expected to ripple through the global supply chain.
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Taiwan exports face 20% U.S. tariff, pending Section 232 review
President Lai Ching-te (賴清德) said on Aug. 1 in a press conference that the 20% tariff rate announced by the Washington was “never the level Taiwan sought,” stressing it remains tentative. He noted that the U.S. has yet to release results of the Section 232 Investigations into semiconductors, ICT, and electronic components, and that final negotiations will only take place after findings are published. Lai expressed hope that upcoming talks would secure a “more favorable and reasonable rate.”
